Reason for the insolvency of these schemes: ~700k of debt per person in the US

Here are some spreadsheet numbers that allude to the nature of the problem...



Known Data
Notes & Sources

Total US Population 306,001,001 Millions of people via US Census Clock
guesstimate Total US Working Population 253,980,831 US residents with tax generating income
guesstimate Total US Tax Paying Population 208,264,281 US residents “taxes > govt resources used”




guesstimate Removal Working Population from % pop 17.00% Remove children and elderly poor
guesstimate Removal non-Tax Paying Pop from % Working Pop 18.00% Remove nominal tax payers
estimate Governmental Interest Rate Average 4.55% Guesstimate
estimate Commercial Interest Rate Average (non CC) 8.50% Guesstimate excluding Credit Cards
estimate Consumer Interest Rate Average, housing 7.50% Guesstimate
estimate Consumer Interest Rate Average, non housing 15.55% Guesstimate, mainly for credit cards




estimate Federal Government Debt $53,010,100,100,100 Constant dollars (2009)
estimate State Government Debt $5,010,100,100,010 Constant dollars (2009)
estimate Local Govt Debt (county, city, water districts, etc) $3,501,000,100,011 Constant dollars (2009)
estimate Consumer Housing Debt $30,000,100,100,100 Constant dollars (2009)
estimate Consumer Credit Card Debt, Car Loan Debt etc... $20,000,100,100,101 Constant dollars (2009)
estimate Commercial Sector Debt $10,000,000,100,011 Constant dollars (2009)




subtotals Interest Incurred Debt (commercial, 5 years) $4,250,000,042,505 Constant dollars (2009)
subtotals Interest Incurred Debt (consumer, 7 years) $37,520,161,511,513 Constant dollars (2009)
subtotals Interest Incurred Debt (governmental, 20 years) $55,984,292,273,110 Constant dollars (2009)





Debt Total $219,275,854,427,460 Constant dollars (2009)





Implied outcomes

subtotals Debt per person $716,585 What is owed per person
subtotals Debt per working person $863,356 What is owed per working person
subtotals Debt per (working) tax paying person $1,052,873 What is owed per tax paying person
subtotals Debt per {Household} $2,116,873 Total owed per household (2.28 per House)