U.S. Govt owes $63 Trillion in debt

This is for committed obligations that we don’t have the wherewithal to pay for right now.

Each U.S.  household currently has a $550,000 in debt obligations.

http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm

How much is a Trillion dollars? Here’s what $700 Billion looks like.

Want to understand why it’s this much? Watch this: Link