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Corrupt Government
See other Corrupt Government Articles

Title: $15T Federal Debt Equals $160,545 for Each Full-Time Private-Sector American Worker
Source: CNS News
URL Source: http://cnsnews.com/node/455819#comment-366944093
Published: Nov 18, 2011
Author: Terence P. Jeffrey
Post Date: 2011-11-18 03:51:05 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamanomics in Action
Views: 236

(CNSNews.com) - The U.S. Treasury Department reported on Wednesday that as of the close of business on Tuesday the federal government's debt had exceeded $15 trillion for the first time in the nation's history--hitting precisely $15,033,607,255,920.32.

The Bureau of Labor Statistics estimated that there were 93,641,000 full-time private sector workers in the United States in 2010 (and 18,073,000 full-time workers in federal, state and local government). That means the $15.0336 trillion federal debt equals approximately 160,545 per full-time private sector worker.

Given that the Census Bureau estimates there were approximately 76,089,045 families in the United States in 2010, the federal debt equals approximately $197,579 for each American family.

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