Detroit Files for Bankruptcy with only 1/10th the unfunded liabilities of the US Government

Just a gentle reminder before we enter the next round of ‘grand bargain’ budgeting. The attached doesn’t include Obamacare

http://hotair.com/greenroom/archives/2013/08/05/infographic-detroit-v-united-states/
Infographic of the day courtesy of the Heritage Foundation:

The city of Detroit filed for bankruptcy in large part due to the city’s huge unfunded obligations, which totaled $26,655 per capita. That amount, however, is only one-eighth the size of the burden currently facing all Americans. The federal government’s $69 trillion in debt and unfunded obligations works out to $218,169 per capita.

BQ54NUoCYAA6uwz

Advertisements

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: