Your household debt: $1,000,000, more or less.

Bob sent an article along, the party pooper. I put it below, lest you missed it.

There is a great image concerning household debt at U.S. Today; it is interactive here: CLICK

As Bob points out, the paper is liberal (I hate that the word liberal has been redefined to mean Marxist running dog. I don't know what to call myself anymore. Perhaps, I will coin the term Genieite. I can define it later when I get a budget.

The basic, take away is this:

2008 Average liability per household: Federal 546,668; Family: 121,668

This is the average household debt, 2008, forget game playing with failing companies, socialized medicine, oh, let's see, billions for AMTRAK, NYC, and so on. Oh, and all those troops Obama is sending to Afghanistan. Of course, someday, those in Iraq will be moved there, too.

Note, 2009 is NOT in the numbers, but that is just another 8,000,000,000,000 and counting, or so, de minimus. You don't want to make the current mad-house look crazy over a few trillion, well ten or so, in four months.

Ray says debt is OK, as you have to have roads. You know, the titanium roads.

The problem is: roads, police, fire, lighting, schools and so on are not in these numbers; this is just the Federal Government up to the end of 2008.

In the meantime, Saratoga Springs will fire 19 police officers because the Governor thinks Saratoga County (the damned GOP-controlled place) is rich and $3,000,000 of the Racino money should not go there. Much better spent by feeding government offices and delivering to Democratic areas where people are poor, like New York City and Long Island.

I recall being instructed by Big Brother in the 1960s not to worry about all this betting stuff because money will go to eduction, nowhere else. just education. Just another lie; you would think people would learn not to sell their morality so cheaply. Talk about a book - The Check is in the Mail: Lies, Liars, and the Terminally Stupid.

I have no idea of the state and local liabilities, even as an average, so lets just say your home owes $1,000,000 of which 10% is what you borrowed. The rest is being spent by your mafia agent so we can have all those good services we are so used to like the DMV, Post Office, Medicare, the public schools, ACORN and so on.

Thank god we have all the rich people to tax.

Don't forget the last word we learned: sheeple.

I used the word Mafia above, let me recount a class in grad school, as an aside, to put that into perspective. I once had a public administration professor, a long term bureaucrat, who opened the course by saying every government department has only one job - increasing its power. Doing its function was secondary. He began one started a particular class by asking: "What is the difference between the mafia and the government?"

You know, for a class of political scientists this was an embarrassing exercise as we could not find a functional difference. Relying on one's assumptions was useless. You just couldn't say one is good and the other bad; that is sheeple thinking. Finally, the professor cut things short and said there is no difference except the government is authorized. The profundity of that observation stuck with me.

Personally, I withdraw my authorization. Thus, today, it is just the mafia. If you can't beat 'em and won't join 'em, then just quietly vanish. Stay off the radar.

So, here is the article. Don't forget, it does not cover 2009.

Leap in U.S. debt hits taxpayers with 12% more red ink

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By Dennis Cauchon, USA TODAY

Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.

The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.

That's the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003.

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

FIND MORE STORIES IN: United States House of Representatives | Baby Boomer | Tax

USA TODAY used federal data to compute all government liabilities, from Treasury bonds to Medicare to military pensions.

Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.

The numbers measure what's needed today — set aside in a lump sum, earning interest — to pay benefits that won't be covered by future taxes.

Congress can reduce or increase the burden by changing laws that determine taxes and benefits for programs such as Medicare and Social Security.

Rep. Jim Cooper, D-Tenn., says exploding debt has focused attention on the government's financial challenges. "More and more, people are worried about our fiscal future," he says.

Key federal obligations:

• Social Security. It will grow by 1 million to 2 million beneficiaries a year from 2008 through 2032, up from 500,000 a year in the 1990s, its actuaries say. Average benefit: $12,089 in 2008.

• Medicare. More than 1 million a year will enroll starting in 2011 when the first Baby Boomer turns 65. Average 2008 benefit: $11,018.

•Retirement programs. Congress has not set aside money to pay military and civil servant pensions or health care for retirees. These unfunded obligations have increased an average of $300 billion a year since 2003 and now stand at $5.3 trillion.