Friday, October 14, 2005

Deep Debt

The U.S. Department of the Treasury, Bureau of the Public Debt, publishes a web site called The Debt To the Penny. Currently, as of 10/13/2005, the value of U.S. public debt stands at $7,995,462,387,011.49.

The U.S. Census Bureau publishes a web site called U.S. and World Population Clocks. According to the U.S. Bureau of the Census, the resident population of the United States, as of 10/14/05, is 297,420,101.

Each and every American -- man, woman, and child -- currently owes $26,882.72.


Blogger ITscout said...

A family of four owes over $100K!

Who do we owe all this money to?

Let's see... holders of U.S. Treasury bonds... including the Chinese, the Saudis, the Social Security Trust fund...

Plus, like any mortgage, we have to pay interest on all this debt... every year...

Who's going to have to pay off all this debt?

4:09 PM  

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