The current debt of the united states is $9,080,460,907,936.26. The estimated population of the United States is 303,416,338
so each citizen's share of this debt is $29,927.40 (this is growing larger everyday.)
The National Debt has continued to increase an average of
$1.44 billion per day since September 29, 2006
Part of this reagonomics thing that bush is using is spending an extremely high amount of money and cutting taxes at the same time. Now, I don't like tax increases, I don't think anyone does, but how else are we to pay this massive war debt off? You will blame the democrats for raising taxes, when it was the conservative (bush) actions that led to the tax increase in the first place. A business can not spend more than it takes it. We see the implications of this in the weak and weakening more american dollar.
http://en.wikipedia.org/wiki/U.S._public_debt#A_brief_history_of_the_debt
2007-11-02
00:43:47
·
22 answers
·
asked by
Coma White
5
in
Politics