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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 ...
The national debt does not appear to be a weight on the U.S. economy right now, as investors are willing to lend the federal government money. ... The debt equates to about $100,000 per person in ...
Note that the unofficial national debt clock puts its value at over $36 trillion, around $5 trillion more than the suspended debt limit. With so much national debt, the interest costs have been ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
WASHINGTON, DC - JULY 06: Pedestrians walk past a poster and electronic billboard displayed at Independence Ave and 9th St's SW that displays the current U.S. National debt per person and as a ...
This accrued interest is added to the Social Security Trust Fund and therefore the national debt each year and will be paid to Social Security recipients in the future. However, since it is a non-cash expense it is excluded from the budget deficit calculation. [60] U.S. spending per person from 1980 to 2011.
That whole “of the people, by the people, for the people” thing applies to the country’s bills as much as it does to the Bill of Rights. The national debt now breaks down to about $84,000 ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.