What’s Hip Hapnin?

I just saw this story on google the other day. Financial Crisis Tab in the Trillions and Counting

If your not going to read it then here it is: $7.36 trillion dollars

This is what that looks like with the zeros $7,360,000,000,000

If we paid this amount back with 0% interest (this isn’t going to happen these are loans for sure) then we would have to pay $368,000,000,000 (thats billion) dollars a year for 20 years.  I would have calculated the interest and the actual payments but I don’t have a calculator that can do numbers this big.

But consider that is a daily payment of $1,008,000,000 (billion) a day for $20 years.  That is $3.32 per day for every single american for 20 years ($24,236).  There are 138 Million taxpayers in the US. That means that the tax burden on each taxpayer is $2,667.91 per year or $53,358 total.  Keep in mind that these numbers do not include interest on the debt.  They are also not adjusted for earnings like your taxes are. 

Great Article on Taxes and the history of them:
http://en.wikipedia.org/wiki/Taxation_in_the_United_States

WE ARE BEING SCREWED OVER BECAUSE WE LET THE WRONG PEOPLE HAVE POWER OVER US. We continue to elect leaders that tell us nice things and offer no solutions.  They tell us what we want to hear instead of what is right.