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The national debt was up to $80,885 per person as of 2020. [153] The national debt equated to $59,143 per person U.S. population, or $159,759 per member of the U.S. working taxpayers, back in March 2016. [154] In 2008, $242 billion was spent on interest payments servicing the debt, out of a total tax revenue of $2.5 trillion, or 9.6%. Including ...
Both parties—and the voters—are to blame for the national debt fiasco. ... To many economists, the most important debt figure is the total federal debt as a share of the economy. This "debt ...
The national debt hit $36 trillion—less than four months after surpassing the $35 trillion mark. Evenly divided, ... What's more important is what will happen next. The American people made a ...
That’s basically how we got from a $6 trillion national debt in 2001 to a $33 trillion debt in 2023. ... the fiscal situation may be too large to ignore and become a more important election ...
The national debt is over $36 trillion, currently on pace to surpass $37 trillion later this year. According to the Peterson Foundation, the debt amounts to a national debt burden of more than ...
This has fueled a massive increase in the federal debt, which now totals $34 trillion, about $6 trillion more than America’s gross domestic product (GDP), the value of all the goods and services ...
Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.
U.S. debt from 1940 to 2011. Red lines indicate the "debt held by the public" and black lines indicate the total national debt or gross public debt. The difference is the intragovernmental debt, which includes obligations to government programs such as Social Security. The top panel shows debt deflated to 2010 dollars; the second panel shows ...