News flash for Jack Lew: The US government is already broke

Source: Garrison Center
by Thomas L Knapp

“As I write this, the national debt stands at more than $20.5 trillion, and per the president’s 2018 budget request, the US government continues to spend money at a rate of about $7.8 million per minute, 24 hours a day, seven days a week — about $850,000 more dollars per minute than it raises with taxes. When Jack Lew refers to ‘us’ and ‘we,’ he wants every American to assume responsibility for a ‘fair share’ of that debt. Currently, such a share would come to nearly $63,000 per US citizen. But ‘we’ didn’t borrow that money. A few hundred politicians did. Yes, they claim that ‘we’ are their co-signers. But I don’t recall offering to cover their bar tabs. Do you?” (01/02/18)