Search results
Results from the WOW.Com Content Network
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 ...
America’s gross national debt hit an eye-watering $33 trillion for the first time in September — and in fact is currently closer to the $34 trillion mark.. In response, the U.S. is now ...
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt. As of 2017 [update] , it is installed on the western side of the Bank of America Tower , west of Sixth Avenue between 42nd and 43rd Streets in Manhattan , New York City .
The milestone comes just three months after the US national debt surpassed $33 trillion, as the budget deficit — the difference between what the government spends and what it receives in taxes ...
At $33 trillion and counting — actually, it's presently above $33.75 trillion — America’s national debt is astonishingly high. But government deficits don’t exactly work like household ...
The federal government's gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America's balance sheet in the ...
In 1993, for instance, the annual deficit amounted to 3.8% of GDP, and the debt, which seemed astronomically high at a “mere” $4.4 trillion, was Lilliputian by today’s standards. The trend ...
America is now almost $35 trillion in debt. That means every American owes $100,000. President Joe Biden's administration doesn't care. They want to spend more.. Already they are spending so much ...