Americans are facing DEBT, DEBT, and more DEBT!

Did I mention that Americans are facing a lot of debt?

Thanks to incompetent politicians, on every level of government, and from both parties, the American people are facing a mountain of debt.

debt 1

Our current federal debt is around $22 billion, or about $63,000 for every man, woman and child.

That amount increases quite significantly if we only consider those of us who actually pay income taxes.

debt 3

State debt seems to be reserved for those “blue” states which lean to the left.

Here are the heavy hitters:

California – owes $158 billion or $3,980 per person.

New York – owes $144 billion or $7,385 per person.

New Jersey – owes $65.5 billion or $7,360 per person.

Illinois – owes $56.4 billion or $4,441 per person.

Then we go down to the city level of government, where Frank Miles for Fox News says, “America’s largest cities are drowning in debt, with Chicago leading the way, a study finds.”

“America’s 10 largest cities, largely [actually without exception] Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting.”

“The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600.”

Chicago’s Taxpayer Burden per person: $119,110

New York City’s Taxpayer Burden per person: $85,600

Los Angeles’ Taxpayer Burden per person: $56,390

Philadelphia’s Taxpayer Burden per person: $50,120

San Jose’s Taxpayer Burden per person: $43,120

San Diego’s Taxpayer Burden per person: $35,410

The United States is the richest country in the world, and our government, by a huge margin, collects the most taxes from its citizens in the world.  So, what’s the problem?

“The problem is not that people are taxed too little, the problem is that government spends too much.” –  Ronald Reagan

Yes…, our government spends way too much.

debt 5

How can our government spend so much while so many of our people are homeless?

How can our government spend so much while so many of our schools are falling apart and many of our children go uneducated?

How can our government spend so much while much our infrastructure is crumbling around us?

The answer to these questions is we keep electing politicians whose priorities are irresponsible and politicians who are willing to keep kicking the “debt can” down the road.

Can you believe we owe all of this money, yet we still give money away to support other foreign countries?

We have to borrow money so we can give it away.

That should be illegal.

Our country should only be able to give money away if we have a surplus of money.

Duh…, just sayin’.

debt 4

debt 6

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the “Follow” button which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: