Dave (Guest) - Regarding Trey's comments:
You're wrong.

First, let's look at the Interstate Highway System, a taxpayer-funded venture. Virtually all commerce is transported on this system. Drivers are able to travel long distances quickly and efficiently. But, a wealthy person conducts far more commerce than a poor person. The wealthy person's usage of this system is much greater than that of the poor person, thus he should pay more for his use. Those goods need to be transported to his home, whether he does it himself or he has them delivered. A person who purchases 10,000 products a year receives 100 times the benefit of the highway infrastructure as someone who purchases 100 products a year.
 


Second, dividing the debt evenly among the people ignores the fact that not all taxpayers are people. I pay taxes as an individual. I also own and operate a small business that is taxed separately. Employees of the Ford Motor Company pay taxes, but so does the Ford Motor Company itself. The method you chose to apply suggests that if we allocate the debt to people AND businesses, my small business's share should be the same as Walmart's or McDonald's.

Allocating debt based on percentage of tax revenues neatly solves this problem. The wealthy person or company utilizes publicly owned infrastructure more than the poor person or company, and pays accordingly. (Of course, this ignores freeloading tax-exempt organizations like churches and credit counseling companies)

Trey (Guest) - I resent your adjustment of each family's share according to the progressive tax code.  The fact is that every citizen has benefitted equally from the federal spending.  Just because you made a lot more does not mean that you received a greater amount of services from the federal expenditures.  We all benefit equally on average.  That means that each families share actually is $120K (now $160K as of Feb 2010).  It's just that most families are freelaoding on the backs of wealthier people who are paying the lion's share of those taxes for everyone else.

Nick (Guest) - When you figure in the cost of the promises we've made with Social Security and the money the Gov owes to the states for Medicare and Medicaid the national debt is way higher than 9 trillion. I believe it's somewhere between 50-70 trillion. Just monopoly money at this point. How do you really figure the exact number? Everyday we pay interest on the debt we already have. Everyday that debt climbs higher and higher.

Anna Lee (Guest) -  No matter how much your debt is, it is still not too late for you to free yourself from your debt.Visit Total Services Debt today and be a debt free tomorrow.
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Girish (Guest) - woohoo thats how I like it! The more people posting the better!
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D. Cook (Guest) - It is April 16th and the national debt is up to 11 Trillion dollars now.  You also did not take into account 5 million unemployed who won't be paying as many taxes, instead many of them will receiving unemployment benefits, at the cost of the taxpayer.  Inlfation undoubtedly drives down the value of the dollar, so people are losing wealth in their savings accounts.  And if you include the future costs of medicare and social security, insn't the national debt at least 45 Trillion dollars?   The debt is out of control, and I don't see any sudden changes in the way Washington goes about doing business.  We have to stop the spending and save our children and grandchildren from being born into lifetime debt, a life of financial slavery.

- Keep it up. Thanks for sharing this article. It really helps.

- good information for us.thanks

pratikg - Thanks for sharing this information with us.

xwhiteshadowz - hahaa really a headache hehe

pagadala - thnx 4 ur suggestion

pagadala - Great post! Thank you!

aliaslucs - great article, thank for this information very helpful indeed.

belleph - Taxes>debt>headache : (

- Wow, this is very helpful. Thanks a lot. Settling debt is somehow quite troublesome.

sunroyal - xcellent research

sunroyal - very gud info.

szack - good

- gud article

- vow.it's awesome

- Very Informative

-  I am not surprised about poor countries having heavy debts

- wow, it's really good info. Thank you for sharing here my friend. :) nice info for me..

- good one

- It is amazing to know that a superpower like the US is also battling debt problems.  I am not surprised about poor countries having heavy debts but this is one thing we never expect from a rich country like the US,

- very good idea. It was not very clear to me before.

sunitha - thanks for sharing this idea

rofizarkasih - Great article. I hope I can get such information of my country as well.

aliaslucs - it is the riches who pay a big amount of taxes, but not me,

- thanks for sharing this idea

beautyqueen26 - There's so many reasons that I love being an American. But one of them is not our ability to rack up huge debts that will (soon) demand repayment. I try not to think about the huge debt that the American people owe.
Thanks for your article. Very informative. I had no idea we all owed so much. Please keep the good info coming. It's nice to know we have some people that have a handle on the facts.

 

HelpMePayOffMyDebt - This was very informative!  First off, I would like to thank all of the wealthiest people who pay that much in taxes so I don't have to!  Also, I am very interested in our 'accounts receivable' as well!  I wonder how much debt we have forgiven.  Please, someone, let us know!

tmostuff - I have no problem acknowledging my own personal debt and obligations. But I have a huge problem with the government strapping me with the national debt especially since the majority's been created from their own irresponsible spending. The Bridge to No Where comes to mind. They keep talking about consumer irresponsibility yet they won't examine their own fivolous expenditures. It must be nice to have an entire country to pass their debt and burden onto.