Your share of the national debt is now $1.1 million. Cough it up.

ht Drudge

“Remember that when President Obama boasts that the federal deficit—the shortfall between annual revenues and spending—is declining. Of course, the primary reason for the decline is the sequester, which was his idea but now adamantly opposes.

The public tends to focus on the total national debt, which just passed the $17 trillion mark—up from $10.6 trillion when President Obama took office. But that figure pales in comparison to the federal government’s long term unfunded liabilities—money the government is obligated to pay over and above the revenues it is estimated to receive.

According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer.

The main driver of that astronomical number is two of our major entitlement programs: Social Security and Medicare.

The Debt Clock says Social Security is looking at $16.6 trillion in unfunded liabilities, while Medicare faces $87.6 trillion. And Medicare’s prescription drug benefit, which passed in 2003, adds another $22 trillion.

The Debt Clock’s Medicare unfunded liability is twice the current government projection—$43 trillion—because Democrats used Obamacare to try and deceive the public. Prior to passage the government’s estimate was similar to the Debt Clock’s.”

The public tends to focus on the total national debt, which just passed the $17 trillion mark—up from $10.6 trillion when President Obama took office. But that figure pales in comparison to the federal government’s long term unfunded liabilities—money the government is obligated to pay over and above the revenues it is estimated to receive.

According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer.

The main driver of that astronomical number is two of our major entitlement programs: Social Security and Medicare.

The Debt Clock says Social Security is looking at $16.6 trillion in unfunded liabilities, while Medicare faces $87.6 trillion. And Medicare’s prescription drug benefit, which passed in 2003, adds another $22 trillion.

The Debt Clock’s Medicare unfunded liability is twice the current government projection—$43 trillion—because Democrats used Obamacare to try and deceive the public. Prior to passage the government’s estimate was similar to the Debt Clock’s.

- See more at: http://rare.us/story/your-share-of-the-national-debt-is-now-1-1-million/#sthash.aii9Tj5n.dpuf

The public tends to focus on the total national debt, which just passed the $17 trillion mark—up from $10.6 trillion when President Obama took office. But that figure pales in comparison to the federal government’s long term unfunded liabilities—money the government is obligated to pay over and above the revenues it is estimated to receive.

According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer.

The main driver of that astronomical number is two of our major entitlement programs: Social Security and Medicare.

The Debt Clock says Social Security is looking at $16.6 trillion in unfunded liabilities, while Medicare faces $87.6 trillion. And Medicare’s prescription drug benefit, which passed in 2003, adds another $22 trillion.

The Debt Clock’s Medicare unfunded liability is twice the current government projection—$43 trillion—because Democrats used Obamacare to try and deceive the public. Prior to passage the government’s estimate was similar to the Debt Clock’s.

- See more at: http://rare.us/story/your-share-of-the-national-debt-is-now-1-1-million/#sthash.aii9Tj5n.dpuf

The public tends to focus on the total national debt, which just passed the $17 trillion mark—up from $10.6 trillion when President Obama took office. But that figure pales in comparison to the federal government’s long term unfunded liabilities—money the government is obligated to pay over and above the revenues it is estimated to receive.

According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer.

The main driver of that astronomical number is two of our major entitlement programs: Social Security and Medicare.

The Debt Clock says Social Security is looking at $16.6 trillion in unfunded liabilities, while Medicare faces $87.6 trillion. And Medicare’s prescription drug benefit, which passed in 2003, adds another $22 trillion.

The Debt Clock’s Medicare unfunded liability is twice the current government projection—$43 trillion—because Democrats used Obamacare to try and deceive the public. Prior to passage the government’s estimate was similar to the Debt Clock’s.

- See more at: http://rare.us/story/your-share-of-the-national-debt-is-now-1-1-million/#sthash.aii9Tj5n.dpuf

Fiscal Cliff

Your share of the national debt is now $1.1 million | Rare.

@mkibbe @DeanClancy @FreedomWorks raise the white flag of surrender re. debt. Allow me: No on raising the debt ceiling. END OF STORY

Freedom Works’s Dean Clancy says the following (emphasis mine):

As for raising the debt limit, ordinarily, we’d say don’t do it at all, or least not without significant offsetting spending cuts. But the current government shutdown is admittedly not an ordinary situation. The standoff began with a grassroots effort to halt ObamaCare, and that fight should remain front and center. Therefore, while parts of the government remain shuttered, the debt limit should be lifted temporarily, without strings or conditions, in order to take the “default” canard off the table and restore the House’s leverage over spending and ObamaCare.

Honestly, I don’t know how many more times conservatives have to say this.

A default means you can’t service your debts, that is you can’t pay the interest on the debt.

WE WILL NOT DEFAULT UNLESS OBAMA ACTIVELY CHOOSES TO DEFAULT.

On average the federal government brings in $220 billion a month. Our debt service is roughly $24 billion a month. So our debt represents ~1/10 of our monthly income.

Do you mean to tell me we can’t pay our monthly debt service, as well as so many other “essential” government obligations, with the money we already have?

Why in God’s name, Freedom Works et. al., would you therefore agree to raise the debt? You’re playing right into the Left’s hands when you accept that we’re even approaching default and, worse, Republicans will be blamed for it.

With Ted Cruz and Mike Lee leading the charge, we now have the leverage we never had before. There are so many ways to expose the Democrats for the statists they are, including passing what Harry Reid calls a “clean” CR that explicitly forces Congress to participate in Obamacare.

But please, don’t recommend surrendering now. As Broncos offensive guard Keith Bishop said to Elway on The Drive, “We got ‘em right where we want ‘em!”

No Deal: Details of the McConnell and Boehner Capitulation Plans | FreedomWorks.