3 problems with US economy
Debt, debt, and debt are 3 problems with US economy.
Government debt, personal debt, and speculative debt are three areas where debt has become a plague instead of a blessing.
Every tax-payer owes about $230k on the Federal Debt. $18 Trillion divided by Only 85 Million pay Federal Income Tax = over $212,000 per actual taxpayer. And then there are the other governments within our country.
And then there is private debt. 65% of US own a home. And we owe $11 Trillion in personal debt. 76% of US are adults. Since only adults own a home, this means half of our people actually own homes about 160 million. Therefore, the big share of the private debt is owned by those people and equals about 69k per person.
This all means that the people stuck with the most…
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