If you think for a minute that the national debt of $16 trillion (or
$45,000 per person) is scary, consider this: It is only the tip of the
iceberg of America's indebtedness. In addition to the official national
debt, the U.S. government and state governments have additional
off-balance sheets with unfunded obligations estimated to be as much as
$100 trillion to $150 trillion. This equates to half a million dollars
per person. These obligations include unfunded pension liabilities,
Social Security, Medicare, Medicaid and states’ unfunded liabilities.