The Federal Government is, as the saying goes, living on borrowed time, not to mention borrowed money--nearly $5 trillion of it. As of the close of business yesterday, Tuesday, January 23, the Federal debt stood at $4,987,963,203,048.04. On a per capita basis, every man, woman, and child in America owes $18,932.74 as his or her share of the Federal debt.
William Helms: “The Federal Government is, as the saying goes, living on borrowed time, not to mention borrowed money--nearly $5…”
Editor's note · Context
Discussing the national debt and its implications for American citizens.
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