Watch Rick Santelli: $1.2 million debtburger

Thursday, 19 Sep 2013 | 11:49 AM ET
Santelli's look at 'wimpy' economy
Thursday, 19 Sep 2013 | 10:51 AM ET
CNBC's Rick Santelli takes a look at the economic consequences of rising debt on the taxpayer.

In his "Santelli Exchange," CNBC's Rick Santelli says that while debt-to-GDP is difficult to visualize, debt per taxpayer is much easier to understand.

Using a chart from a post by F.F. Wiley on Cyniconomics, Santelli argues that based on projections from CBO data, projected government debt per taxpayer in constant 2013 dollars will hit $1.2 million in 2056.

Santelli doesn't think all the spending that's supposed to be helping the economy is working, so to him, that debt hit is like getting billed for a big, juicy cheeseburger but only receicing a little, "wimpy" burger.


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