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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 has passed other trillion-dollar milestones in the past year, as the $34 trillion mark was reached in early January 2024 and the $33 trillion threshold in September 2023.
This has fueled a massive increase in the federal debt, which now totals $34 trillion, about $6 trillion more than America’s gross domestic product (GDP), the value of all the goods and services ...
The Congressional Budget Office’s January 2020 projections had gross federal debt eclipsing $34 trillion in fiscal year 2029. But the debt grew faster than expected because of a multi-year ...
The national debt has become a major point of contention between Republicans and ... also contributed to the increase in the debt. ... Net interest costs soared 39% in fiscal year 2023, which ...
With the impacts of the American Taxpayer Relief Act of 2012 tax increases on those who make $400,000 per year, the 2013 sequester, and a $60 billion payment from Fannie Mae and Freddie Mac that reached the Treasury on June 28, 2013, the extraordinary measures were predicted to last until October 17 by the Treasury, [23] but financial firms ...
Yellen looks at one key statistic to determine if the U.S.'s national debt is ... record $17 trillion in the second quarter, with non-housing debt hitting an ... over $20,000 per year—all while ...
Germany, Munich: a debt clock has been running since 29 February 2008. [6] Germany, Bonn, Haus der Geschichte: this one displays the total debt, debt per second and per capita debt. Germany, Düsseldorf, City Hall: Düsseldorf is a city which has been debt-free since 12 September 2007 after the sale of a RWE block of shares. There, the elapsed ...