By Chuck Gibson
Congratulations – You just bought a new home.
Only you didn’t get the house – just the debt.
In July 1971, the population of the US was 207.6 million and Treasury funded debt was US 400 Billion. That gives a per capita debt of about $1,925. Today, the population of the US has grown about 50 percent to 313 million while Treasury funded debt has risen by 3883 percent to US 15,933 Billion. That gives a per capita funded debt of about $50,900