DEBT Rising~Happy Independence Day
A few TO Think About~
The Debt to the Penny and Who Holds It
( Debt Held by the Public vs. Intragovernmental Holdings )
| Current | Debt Held by the Public | Intragovernmental Holdings | Total Public Debt Outstanding |
|---|---|---|---|
| 07/02/2009 | 7,139,808,033,162.55 | 4,349,752,966,148.19 | 11,489,560,999,310.74 |
MOUNTAIN OF DEBT: Rising debt may be next crisis
MOUNTAIN OF DEBT: Legacy of debt from Founding Fathers not celebrated on Independence Day
WASHINGTON — The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It’s the national debt
The Real
National Debt
$56.4 trillion
Your share is currently: $184,000
A report from the Congressional Budget Office (CBO) shows that the current federal budget will force the national debt to continue to grow much faster than the economy over the long run. Rising costs for health care and the aging of the U.S. population will cause federal spending to increase rapidly, assuming the continuation of current policies regarding health care entitlement spending (Medicare and Medicaid), and Social Security.
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