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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 ...
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 national debt now breaks down to about $84,000 per American, so, you might want to consider taking on a side gig. ... America’s debt was about half its GDP. Today, the national debt is ...
The U.S. government will pay close to $900 billion this year just in interest payments on the national debt. ... about $6 trillion more than America’s gross domestic product (GDP), the value of ...
National Debt Clock outside the IRS office in NYC, April 20, 2012. Government debt accumulation may lead to a rising interest rate, [10] which can crowd out private investment as governments compete with private firms for limited investment funds. Some evidence suggests growth rates are lower for countries with government debt greater than ...
If the average daily rate of debt growth over the past three years continues, the gross national debt will reach $37 trillion within 5 months, $39.2 trillion in 2026, and $40.95 trillion in 2027 ...
It publishes a monthly "Debt position and activity report" which includes the debt held by the public, the intra-governmental debt, and national debt ("Total public debt outstanding"). As of December 31, 2016, these amounts were: Debt held by the public: $14.43 trillion. Intra-governmental debt: $5.54 trillion. National debt: $19.97 trillion. [50]
The U.S. debt ceiling has dominated the news in 2023, as financial pundits predicted dire consequences if the U.S. were to exceed this Congressionally-imposed spending limit. Ultimately, disaster ...