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Social Security and America’s Debt

Almost every discussion on the economy of America boils down in to a tirade about the immense amount of debt that the nation has and continues to accrue. Currently, America’s national debt is pegged at $19.2 trillion. In order to completely absolve this amount, every citizen would have to fork over to the tune of $60,000. However, this figure does not take in to account state and local debt nor corporate debt. Adding this in would put the figure closer to $49 trillion. There are many ways to look at this growing problem, there are many doomsayers just as there are many proponents to the system. It is a very complicated problem that does not have any definitive solution, but that does not mean that it cannot be improved upon incrementally. For more information on this topic visit this article by Stephen Gandel with Fortune.


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