Total price tag so far: $7.2 trillion in investment and loans. That puts a lot of taxpayer money at risk. Now comes President-elect Barack Obama's economic stimulus plan, some details of which were made public on Monday. The tally is getting awfully close to $8 trillion.
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(There are roughly 138 million taxpayers in the United States. The rest of the population is too young, retired, or illegal.
So, that $8 trillion works out to about $64,000 per taxpayer. This is over and above the $40,000 you already owe to cover the government's (admitted) accumulated dept.
So, courtesy of the US Government, you are on the hook for $100,000 per taxpayer, plus accruing interest.
Keep in mind that the taxes you already pay don't even meet the interest on the old debt, let alone the principle, let alone the NEW debt being handed to you. - WRH)
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