“GENERATION DEBT: Every American Under 18 Now Owes $218,676”
If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676.
That is more than the $130,468 average price tag for four years at a private college or the $173,100 median price for an existing one-family home in the United States.
During the time Barack Obama has been president, the U.S. government debt has increased from approximately $143,255 per American under 18 to approximately $218,676 per American under 18–a climb of $75,421 or about 53 percent.
And? That’s forward, just as Obama promised. What’s the rumpus?
Neither borrowing all the money needed to pay for a four-year private-college education nor borrowing all the money needed to buy a median-priced home would put as much debt on the shoulders of young Americans as the federal government already has.
With the difference being that the debt the government has placed on us isn’t real, because the government call always print more money and use it to buy up its debt.
Really. You wingnuts with your debt-burden scare tactics. It’s not only dishonest but it’s untoward, as well — particularly while you vote for dirty air, dirty water, imprisoned vaginas, invasive ultrasounds, inconvenient children, throwing seniors out on the streets, and grinding up autistic children to make tartar for lavish, exclusive dinner parties thrown by the 1%.