Search results
Results from the WOW.Com Content Network
The national debt now breaks down to about $84,000 per American, so, you might want to consider taking on a side gig. ... In 1988, America’s debt was about half its GDP. Today, the national debt ...
At $33 trillion and counting — actually, it's presently above $33.75 trillion — America’s national debt is astonishingly high. ... The big, bad number isn’t as scary as it seems.
That’s basically how we got from a $6 trillion national debt in 2001 to a $33 trillion debt in 2023. So what’s the plan? There are a variety of ways to get the debt under control. It doesn’t ...
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 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
The U.S. government will pay close to $900 billion this year just in interest payments on the national debt. ... For most of American history, until the mid-1970s, annual federal spending and ...
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]
If the federal debt continues to roll over into the 4.5 percent interest rate seen at recent Treasury debt auctions, then the budget deficit may surpass $4 trillion within a decade.