Check out The National Debt Clock for a sobering set of statistics.
As I type, the total nation debt is over 12 TRILLION 1o4 Million!
It advanced over 30 MILLION as I wrote that down.
- Debt per citizen = $39,283
- Debt per taxpayer = $111,224
- Interest per citizen = $5,859
Number of US Taxpayers = 108,834,743
Number of Officially Unemployed = 15,403,989
Number of US Workforce 138,584,486
Number of Federal Employees = 4,238,946
Number of US retirees = 37,500,533
Notes of interest:
Not all workers pay taxes since they fall below the threshold.
If you define "supporting" as you give more to government than we get from the government, then this calculation is staggering:
Us 108.8 million taxpayers are supporting 57.1 million people!
- 4.2M federal workers
- 15.4 M unemployed and
- 37.5M retired people!
Disclosure: I have no position in Gold but I do have significant personal positions in TIPS, TIPS mutual funds and iBonds plus I hold them in BOTH my newsletter portfolios. See: Kirk's Two Investment Letters