Taxpayers on the hook for $59 trillion
Posted in Bailouts, Constitution, Democratic Party, Economic Collapse, Financial Crisis, Freedom, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Public Concerns, Recession / Depression, Republic, Revolution, Social Security & Medicare, Social Security and Medicare, TARP, Tea Party, The Federal Reserve, The Matrix, Trilateral Commission, U.S. Government, WI, Wisconsin, congress, economy, pork barrel, rights, stimulus bill, stimulus package, taxation on Jun 30th, 2009 1 Comment »
Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household. By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined.
