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Mother said Josh Powell threatened her
WASHINGTON, May 30 (UPI) -- Federal debt last year amounted to a record $545,668 per U.S. household -- a 12-percent spike in just one year, government sources said.
The increase burdens each household with an additional $55,000 in national debt for just 2008, USA Today reported Saturday.
The increase can be pinned on the explosion of federal borrowing during the recession and an aging population that is driving up the costs of Medicare and Social Security.
"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," said David Walker, former U.S. comptroller general, the government's chief auditor.
The federal government assumed $6.8 trillion in new debt last year, pushing its total debt to a record $63.8 trillion, USA Today reported.
The enormous burden has increased awareness of the government's financial challenges, U.S. Rep. Jim Cooper, D-Tenn., said.
"More and more, people are worried about our fiscal future," Cooper said.
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TACOMA, Wash., Feb. 9 (UPI) --
The mother of Josh Powell, who killed himself and his sons in a fire in Washington state, said in divorce papers he exhibited disturbing behavior as a teenager.
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MIAMI, Feb. 9 (UPI) --
Ronnie Smith, former trumpet player for the disco/funk group K.C. and the Sunshine Band, has died in a Florida hospital, his family said.
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ABUJA, Nigeria, Feb. 9 (UPI) --
A Nigerian militant group said a claim that it wasn't responsible for an attack on an oil pipeline is propaganda from state authorities.
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XINXIANG CITY, China, Feb. 9 (UPI) --
A set of parents in China said they expected a large baby, but they were shocked when their son came out weighing a potentially record-setting 15 1/2 pounds.
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