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March 23, 2015

Students Shocked to Learn Their Share of National Debt

America’s national debt is growing by the second and currently stands at more than $18 trillion.
Every day, $2.32 billion is added. And that interest adds up, too.
From Fox News:
Caleb Bonham of Campus Reform took a walk around Charleston, South Carolina, recently to see what students think of the more than $18 trillion in national debt.

That equals about $56,000 owed to the federal government per individual. And when taking into account the $126 trillion in unfunded liabilities – like Social Security and Medicare – the number swells to $1.1 million per person.
Bonham asked students their birth date, then plugged that into a calculator to figure out each person’s lifetime share of debt.
First, he asked them what they’d do if they got a check for that enormous amount, but then he broke the news about what the number actually represents.
One student’s response? “Holy s**t.”
He then accused lawmakers of failing to think about future generations.
Another said “we got to do something to change that,” while a group of women blamed the rising debt on President Obama.

1 comment:

  1. Hopefully these students will also learn the meaning of "odious debt" http://en.wikipedia.org/wiki/Odious_debt and then find the stones to tell the government to get lost. But they will have to learn this on their own -- government schools certainly are not going to tell them.

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