DO YOU KNOW WHAT YOUR OBAMA DEBT NUMBER IS ?
Posted by straight shooter on April 15, 2009 under Economy, General, PoliticalAll of us will be forced to pay for President Obama’s record-setting budget increases-as will our children and grandchildren.
- A 50-year old with a college degree will pay approximately $81,000 over their working life just to pay the interest on the debt in the Obama budget.
- A 40-year-old will pay $132,000 in debt interest only payments.
- A 20-year-old just starting out after college will pay a whopping $114,000 just to service the interest on the debt created by the Obama budget.
By 2019, President Obama’s budget will have added over $9.4 trillion to the federal debt.
And like any form of debt, such as a home mortgage or car loan, this debt comes with a steep debt load. Just like paying off the interest on a credit card, every young American will be responsible for not only paying the principal on President Obama’s budget, but will also have to shoulder the interest payments. The above calculations are just debt interest.
Just click here, enter your age, your current salary, and get your Obama Debt Number.