Countdown to Release of President Obama's Budget: 2 Days Remaining
Will the President’s budget reduce our children’s debt burden?
If this child had been born 10 years ago, his debt burden would have been about $27,000 on the day of his birth. Unfortunately, he was born in 2016 so his debt burden is over $58,800. By the time he is 10 years old, his debt burden will rise to nearly $84,000. Stealing candy from a baby is bad enough; forcing children to pay the bill for our spending is the worst kind of intergenerational theft.
