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A healthy debt-to-GDP ratio is a far better indicator of a country’s fiscal health than the dollar amount of the debt it owes. In 1988, America’s debt was about half its GDP. ... National Debt ...
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 ...
CBO projected in February 2013 that the debt held by the public will rise from $11.3 trillion in 2012 to $18.9 trillion in 2022 under its "baseline scenario," an increase of $7.6 trillion over 10 years. The total national debt will rise from $16 trillion in 2012 to $25 trillion by 2022, an increase of $9 trillion. [8]
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 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 ...
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 ...
Both parties—and the voters—are to blame for the national debt fiasco. ... That free-lunch era is now over. The federal debt exceeds 100 percent of GDP and is set to double or even triple over ...
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