Welcome to the world, Jada -- you owe $22,000. And it's not gonna get better.
That figure -- about the price of a new Camaro -- represents the share of the public debt carried by anybody born in the United States today, according to the fiscal watchdog group The Concord Coalition.
Take Jada Grace Larsen. She was born Sunday at New Jersey's Hackensack Medical Center.
"I'm nervous for her and her future and what she's being born into," mother Jeanmarie Larsen, 37, told FOXNews.com Wednesday.
She and her husband Andrew, 35, said they plan to raise their newborn to know the "value of the dollar" by teaching her to live within her means and avoid frivolous spending.
But if Washington doesn't do the same, the individual burden from the national debt only gets more expensive down the road.
When Jada is 10 years old, for example, that per-person debt increases to about $51,000 -- based on the latest deficit and debt projections by the Congressional Budget Office, which looked at the impact of President Obama's budget proposal in 2019.
Josh Gordon, policy director at The Concord Coalition, said such soaring debt levels, while sometimes hard to comprehend, have myriad adverse effects down the road.
"The interest you're paying sucks up valuable resources," Gordon said. "It leads to a situation where we're more at the whims of international investors."
The total national debt, as of this week, is above $11 trillion.
Gordon arrived at a per-person figure based only on the amount of debt held by the public, or $6.7 trillion. The price tag? $22,000 a head. - Fox News Story
That is what Obama Calls redistribution of Wealth. Add more and more to all of our debt and bailout the big wigs from AIG, Citi, Fannie, Freddie, etc.......
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