Post
Topic
Board Politics & Society
Re: On the future of the Democrat party
by
DireWolfM14
on 07/11/2024, 13:04:46 UTC
Every American born today is indebted to the Federal Reserve for over $250k.  That's the real tragedy.
Can you explain this part? Because I've never heard of this before.
I assume it's the government debt divided by the population number. But that's "only" $107k.

This is correct, however, simply dividing our current national debt by the population figure doesn't take into account the affect of inflation (an average of 3% annually,) compounding over the course of an average American's life span, nor the rate at which the national debt is likely to grow over that same time span in nothing changes.