Catholic Culture, Phil Lawler:
Would you be alarmed if I told you that the federal government, by administrative decree, had just added $100,000 to your mortgage?
No, let me be more accurate, to illustrate my point. The added debt would be $100,000 per person. So for a family of four, the decree would add $400,000 to your household debt. Larger families would owe more.
Now of course the government has not issued such a decree. But the overall federal debt has just reached $33 trillion. Who owes that debt? The US government. And who constitutes the US government? “We, the people.” Divide $33 trillion by the US population, and it works out neatly to about $100,000 for every man, woman, and child in America. Continue reading here.