So by now you’ve probably heard that the Federal deficit is going to reach $9 Trillion dollars within the next 10 years. I feel this spending is so much that most people aren’t grasping how much it really is. To put this somewhat into perspective… this year alone the Federal government will spend $22,000 more per family than it takes in. The average American family makes about $48,000 per year. Think about that…
A couple more years of this and we’re essentially bankrupt…
Scary, but not a new factoid for me. I’ve been hearing this and looking into our debt for a couple years now. Not something for the faint of heart.
Thanks for commenting David! I agree this is definitely something that keeps me up at night.