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> Us National Debt 9,543,898,403,177.04, Anyone Concerned?
sunnyhundal
post Jul 27 2008, 02:24 AM
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the Us National Debt is at 9,543,898,403,177.04 as of 27 Jul 2008 at 12:31:54 AM GMT. The estimated

population of the United States is 304,428,472 so each citizen's share of this debt is $31,350.22, The National

Debt has continued to increase an average of $1.77 billion per day since September 28, 2007, Ummm

recession maybe?
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sicknasty413
post Jul 27 2008, 06:03 AM
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Holy Eff! blink.gif
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lordvader129
post Jul 27 2008, 07:52 PM
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simply looking at the debt is a very one-dimensional way of assessing the economy

at least look at it as a percentage of nominal GDP

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also, before citing something like "each citizen owes 31,000 dollars toward the debt" keep in mind the percentage of the debt HELD by the public (did your grandma ever buy you a savings bond?)

this of course adds yet another dimension to looking at the debt trend, for example the steady reduction in the 30 years following WW2 were likely a direct result of war bonds being paid out

the reduction during the clinton administration probably owed more to the end of the cold war than clinton himself

This post has been edited by lordvader129: Jul 27 2008, 08:11 PM
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melongstrike
post Oct 5 2008, 07:34 PM
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This is horrible *runs out to purchase plasma 52" on credit* :/
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