|What a newborn child owes the moment it is born.|
Anyone who does not understand the Christian theological concept of original sin need only to consider the equally real "original debt." For according to a Harvard University study, an infant born today emerges into the world already in financial debt to the amount of $106,000.
American workers would have to cough up a one-time “debt reduction fee” of $106,000 to pay off the nation's debt that has grown 58 percent under President Obama, according to Harvard University's Institute of Politics annual report on the USA.Did that baby sign one promissory note? Nope. Take out a single loan? Nope. Did that newly-born infant do anything at all to be indebted to the tune of 106 large? Yes: it was born.
The 91-page report provided to Secrets pegged the nation’s debt at $16.7 trillion, up from the $10.6 trillion inherited by Obama. “The debt has grown so quickly because of large and repeated annual deficits in federal spending,” said the report. (Harvard study: Your share of the federal debt is $106,000)
Original debt is real. Likewise original sin.