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.
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.
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.
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’.
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