Is Washington Bankrupting America?

From the group Public Notice, an independent, nonpartisan, non-profit organization dedicated to providing the facts and insights on the affects public policy has on American's financial well being:

* Over the last 10 years, federal government spending per household increased by 40%
* Over the last 10 years, federal government debt per household increased by almost 70%
* In 10 years, interest payments on the debt will more than quadruple
* In 10 years, interest payments on the debt plus autopilot programs (like Social Security and Medicare) will consume 90 cents of every federal dollar

Can anyone relate to $106 trillion? Who understands what that means to their personal financial future? Not many. Yet, if you breakdown this number so that people can see that our national debt equals the income of every American, nine times over, or that paying this unfunded promise would require selling every home in the U.S. five times, people begin to understand just how bad the problem really is.

Government spending is unsustainable! Washington must be held accountable.

For more on the group's effort click on the link below:

Is Washington Bankrupting America?