15 trillion divided by 315 million
Thats the gross national product of the USA, divided by the total population.
When I saw Boehners advertisement about the effect of the debt on White Children ( see the picture)
He has Obama saying: “Don’t worry, kids - I put it ($51,986) on your tab”
But, if the kids have a share of that debt, don't they have a similar claim to a share of the productivity of the US in one year? There are 315 million people, and the GDP is 15 Trillion dollars. About the same as the debt.
If your kid ( or you ) could get a salary of $47619 annually, would you be willing to accept the one time debt of $51,986? You would be a fool not too.
The trick that Boehner is acheiving here is that he is allocating the debt out on an equal bases, knowing full well that 2% of Americans have nearly all the wealth.
If the wealth isn't divided out equally, why should the debt be? If Boehner distributed the debt by proportionate wealth, then these kids would owe nothing.
If you were offered the deal, an equal share of the wealth in exchange for an equal share of the wealth, would you take it?