The Patriot Post® · Subsidizing a System That's Killing the American Dream

Terence Jeffrey: “Which will be greater: the burden of student debt on Americans who went off this fall to their first year of college, or the amount of federal debt per full-time private-sector worker when these students earn their degrees and start looking for jobs? There is no doubt: It will be the amount of federal debt per full-time private-sector worker. As of last Friday, the total debt of the federal government was $17,858,480,029,490.28, according to the U.S. Treasury. That equaled $200,258.81 for each of the 89,177,000 full-time private-sector workers that, according to the Census Bureau, were in the United States in 2013. … Americans who get up every morning and go to work, and do it week after week after week, and are forced to pay progressively higher taxes to maintain a federal welfare state that is driving our national debt to an unsustainable level are being forced to subsidize a system that is killing the American dream.”