,000 per
             taxpayer. Nearly 90% of that debt has accumulated since 1970, and
             between 1980 and 1995, the debt grew by 500%. Currently, the debt
             grows by more than $10,000 per second (Rau M-l), and at current rates, a
             baby born in 1992 will pay 71% of his or her income in net taxes. At
             current rates, our government is about to reach its breaking point. If that's
             not enough to scare a taxpayer, by 2002, 60% of government spending will
             be for entitlements, and by 2012, these programs are projected to take up
             all government revenue (Dentzer 32). Not only economic development, but
             also family income is hurt by debt. With the cost of living going up, it
             becomes harder to find a job. According to the Concord Coalition, real
             wages peaked in 1973 and have gone down ever since. If the economy
             grew as fast as it did in 1950, without a debt, the medi
             ...