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?