– The nation has $15.4 trillion in debt on the books.
– The nation has $99.5 trillion in unfunded liabilities.
– Every year for which programs that create unfunded liabilities are not addressed the liabilities increase by $12 trillion.
– The federal government takes in about $2.4 trillion annually, without deficit spending.
– The current all-in debt-to-income ratio is 48:1.
What is your family’s debt to income ratio. 2:1, 3:1, 4:1? Probably not 48:1.