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Thursday, April 5, 2012

''Hidden state, municipal debt puts taxpayers on hook for trillions of dollars''

From Watchdog.org

''Every American’s share of the official national debt is almost $50,000 and growing fast. But that is only the biggest visible part of the government tab that generations of Americans must pay. 


Our $15.6 trillion federal government debt is frequent fodder for congressional debates and cable news shows.
 
However, a lesser-known but equally bankrupting bill is owed by those same taxpayers — trillions of dollars in debt and unfunded obligations racked up by state and local governments."
 

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