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The largest debtors are Canada, the United Kingdom, Cayman Islands, and Australia, whom account for $1.2 trillion of sovereign debt owed to residents of the U.S. [158] The entire public debt in 1998 was equal to the cost of research, development, and deployment of U.S. nuclear weapons and nuclear weapons-related programs during the Cold War.
It’s six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.
America is now almost $35 trillion in debt. That means every American owes $100,000. ... and raising taxes on the rich wouldn't even get us out of the mess we're in. First, many wouldn't pay. ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
As of the first quarter of 2010, the Federal Reserve estimated that total public and private debt owed by American households, businesses, and government totaled $50 trillion, or roughly $175,000 per American and 3.5 times GDP. [13] Interest payments on debt by US households, businesses, governments, and nonprofits totaled $3.29 trillion in 2008.
It’s also worth noting that consumer debt is on the rise. Mortgage balances hit $12.59 trillion during the third quarter of the year, while auto loan balances reached $1.64 trillion.
Debt is part of the American way of life. Although credit card debt levels actually fell by $76 billion in Q2 2021 -- the biggest quarterly drop in history -- overall debt levels continued to rise ...
The amounts are in billion US $, calculated by the official exchange rate (a billion is defined here as a thousand millions, or 10 9). GDP: Gross domestic product, billion US $. Total debt, billion $: This is the sum of all debt, domestic and external, owed by public and private debtors in the country. The amounts are in billion US ...