RealClearMarkets – Gen O Discovers Washington’s Debt Bomb

Debt Bomb is the brainchild of 25-year old Kyle Smith, who’s getting his MS in engineering at the University of Texas.

Working with some friends, he figured out a way to tell his contemporaries, and others who buy apps, how much the government’s spending spree would cost if the government were to live within its means, just as do households and states.

Alternatively, the app can calculate taxes based on a target of holding the budget deficit to no more than 2 percent of GDP. Kyle wants the users of the iGadgets to see the consequences of the government’s largesse.

via RealClearMarkets – Gen O Discovers Washington's Debt Bomb.

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