Friday, August 21, 2009

US Debt Clock

You have to click on the link to the debt clock, it is quite an amazing piece of work, a few facts:

Debt Per Citizen: $38,204
Spending Per Citizen (this year): $8,227
Official Unemployed: 14,655,361
Actual Unemployed: 16,641,836

And the number you've all been waiting for.....

US Unfunded Liabilities Per Citizen (Social Security, Medicare, Medicaid, Prescription Drug):


Do these numbers look sustainable to you? What is amazing is that the Prescription Drug unfunded liability is nearly as much as the unfunded liability for Social Security......unbelievable.

Scott Dauenhauer CFP, MSFP, AIF