Post by: sunnyhundal on July 26, 2008, 07:24:00 PM
population of the United States is 304,428,472 so each citizen's share of this debt is $31,350.22, The National
Debt has continued to increase an average of $1.77 billion per day since September 28, 2007, Ummm
recession maybe?
Post by: lordvader129 on July 27, 2008, 12:52:00 PM
at least look at it as a percentage of nominal GDP
also, before citing something like "each citizen owes 31,000 dollars toward the debt" keep in mind the percentage of the debt HELD by the public (did your grandma ever buy you a savings bond?)
this of course adds yet another dimension to looking at the debt trend, for example the steady reduction in the 30 years following WW2 were likely a direct result of war bonds being paid out
the reduction during the clinton administration probably owed more to the end of the cold war than clinton himself
Post by: melongstrike on October 05, 2008, 12:34:00 PM