TOO RICH:

GAO Chief Refuses To Stop Doing the Math (Stephen Barr, January 18, 2004, Washington Post)

David M. Walker, comptroller general and head of the General Accounting Office, is worried about how the big numbers will add up in the 21st century -- what he calls "the growing fiscal imbalance."

By Walker's calculations, every man, woman and child in the United States would have to pony up at least $24,000 to wipe the red ink off the government's financial ledger.

If my math is correct--which is never likely--after paying off that debt, 300 million Americans would have a net worth of $34.5 Trillion.

Posted by Orrin Judd at January 18, 2004 6:54 PM