Professor Hex

Scholar of the Strange and Mysterious

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Sunday, August 28, 2005

Experts Warn Debt May Threaten Economy

You owe $145,000. And the bill is rising every day. That's how much it would cost every American man, woman and child to pay the tab for the long-term promises the U.S. government has made to creditors, retirees, veterans and the poor.

And it's not even taking into account credit card bills, mortgages — all the debt we've racked up personally. Savings? The average American puts away barely $1 of every $100 earned.
Prof. Hex at 7:47 PM
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