My newest Fox News piece starts this way:

For those interested, as of today, the debt per taxpayer is $128,650. The debt per citizen is $45,978 and per family of four it is $183,912.

UPDATE: "Obama administration officials tried to keep S&P rating at ‘stable’"
Is this appropriate behavior for the US government?
If you think it's hard now to balance the budget, just wait until our credit rating gets trashed. Monday’s warning from the Standard & Poor’s rating agency -- that the U.S. government’s credit rating could be revised downward -- produced a firestorm in Washington. Republicans called it a "wake-up call," while the Obama administration's chief economist, Austan Goolsbee, lambasted Standard & Poor’s actions as purely "political."
Credit ratings aren’t just a matter of national pride. Less dependable, risky borrowers have to pay a higher interest rate to get people to buy their bonds. Right now the our government only has to pay 3.4% annual interest to borrow money for 10 years. But for countries who have had trouble paying their debts, interest rates are much higher. Portugal is forced to pay 9.1%, Ireland 9.8%, and Greece 14.6%.
But America's financial problems are catching up to what these other countries face all too quickly. . . .

For those interested, as of today, the debt per taxpayer is $128,650. The debt per citizen is $45,978 and per family of four it is $183,912.

UPDATE: "Obama administration officials tried to keep S&P rating at ‘stable’"
Is this appropriate behavior for the US government?
The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the United States — a suggestion the ratings agency ignored Monday, two people familiar with the matter said. . . .
Newest Fox News piece: Don't Single Out Standard & Poor's for Being 'Political'
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Oleh
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