America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)
Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day
Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day
But the people in that country have more than $60,000 in wealth in the house and other properties. So they think they can pay it back.
No they dont, most people's houses are mortgaged and part of the debt.
And its $60k per man, woman and child so equates to short of 1/4 million dollars per household of 2 adults 2 children.
The fact there are still people out there that think $19 trillion dollars debt isnt a problem kinda shocks me.