The debt gap is “something that keeps me awake at night,” Obama says.
By Daniel at 4 July, 2009, 1:21 pm
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While the president remains personally popular, polls show there is rising public concern over his handling of the economy and the government’s mushrooming debt — and what it might mean for future generations.
Some budget-restraint activists claim even the debt understates the nation’s true liabilities.
The Peter G. Peterson Foundation, established by a former commerce secretary and investment banker, argues that the $11.4 trillion debt figures does not take into account roughly $45 trillion in unlisted liabilities and unfunded retirement and health care commitments.
That would put the nation’s full obligations at $56 trillion, or roughly $184,000 per American, according to this calculation.
So, is this the change we voted for? And now unemployment is eyeing 11%. Time to vote all of congress who put us in this mess out. Then we will have a meaningful change.
Mar
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