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Federal obligations NOW a record $546,668 per household

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Federal obligations NOW a record $546,668 per household

05-29-2009, 01:57 PM

snodog

Dryer sheet wannabe

Join Date: Mar 2007

Posts: 21

Quote:

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

Leap in U.S. debt hits taxpayers with 12% more red ink - USATODAY.com

Is this media sensationalism or are we really this bad off?

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