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National Debt Growing and Growing

By Sam Schoolsky - Aug 29th, 2007 at 3:57 pm EDT

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U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 29 Aug 2007 at 07:48:48 PM GMT is:

$8,985,524,742,395.99

The estimated population of the United States is 302,841,041 so each citizen's share of this debt is $29,661.04.

The National Debt has continued to increase an average of
$1.42 billion per day since September 29, 2006! And we are looking at $3 Billion a week for the Iraq War.

Mr. Bush wants to make his tax cuts to the rich permanent. That's really going to help the debt picture. Hope your kids and grandkids are millionaires when the debt comes due.

Reader Comments

And climbing...

By HowieJames Aug 29th 2007 at 5:36 pm EDT

So the next president will inherit a 10 trillion dollar gorrilla.

The solution is not easy

By Moses Aug 29th 2007 at 10:10 pm EDT

Ask the Comptroller General, a bipartisan position, the current one of which was appointed by Clinton. We are coming up to the proverbial rock and hard place and something has got to give.

Debt Public and Private is a Minor Issue

By Steph Aug 30th 2007 at 3:06 pm EDT

or So it would seem. I am always amazed as how quickly the articles on Debt zip off the view screen. When we challenged individuals to honestly work toward solutions they complain that this one is unfair or targets the poor or accuse the program of being a criminal venture. Yet this would be great if they followed it up with their own suggestions of how we can deal with the issue today. Our economy is in a down turn how long and how deep depends on several factors, In my understand the most significant factor is our ability to continue to invest. America accross the board is in debt. We have a combined debt of 27 trillion USD. This is individual debt and the Federal Debt. If we who write here are unwilling to work the problem how can we expect our elected officials to get the job done?

National Debt Growing?

By Democrat in Martinsburg, WV Aug 31st 2007 at 8:18 am EDT

god dammit why do you think the debt is growing
piece of crap george bush needs to go to hell for screwing America up so much
go do some crack George.

Who

By Faith Shirley Aug 31st 2007 at 2:42 pm EDT

Do we owe our debt to? Who is our creditor?

Re: Who

By Sam Schoolsky Aug 31st 2007 at 6:38 pm EDT

Our debt is mostly to foreign countries and investors. The biggest holder of our debt, I understand, is China. They loan us our own money that came from all of our imports from them. If you did what our country has done to finance all of the Bush craziness, including his war in Iraq, you would have to declare bankruptcy.