Us National Debt Essay

us national debt essay

The United States has a strong economy to support itself for good credits and therefore can keep on getting more loans. As with most loans, the US national debt comes with an interest. Interest paid for the debt in 2009 is 383 billion dollars, or about 20 percent of the countrys total tax revenues (Financial Audit Bureau of. Sep 25, 2008. On 24 Sept 2008, the total amount of US National Debt stands at 9.7 trillion or 9,789,212,150,663.03. It is forecast to rise to 11.3trillion by end of next year. This equates to 32,118.36 per person. US Debt as a of GDP Chart. This is perhaps a more meaningful measure of GDP. If National Debt. As of February 2001, the US national debt was over 5.8 trillion dollars and the national debt has. National Deficit And National Debt Essay. 1246 words - 5 pages The growing national deficit is a looming problem in the United States now more than ever.

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Essay Cutting the National Debt Its time to clean up this mess. Famous last words heard from the mouths of many different politicians when talking.