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Tag: U.S. National DebtBy Kevin Rex Heine, Section News
~ Promoted even as a non Michigan based article - Well Done Kevin. ~
"Think what you do when you run in debt; you give to another power over your liberty." (Benjamin Franklin) The national debt of the United States is the sum total of all annual budget deficits and surpluses accumulated since America became an independent nation; it represents the face, or principal, amount of marketable and non-marketable securities currently outstanding. According to the U.S. National Debt Clock, which is updated in real time, the national debt - as of when this article was posted - is currently sitting at about $13.91 trillion. Given that this is over a $3 trillion dollar increase from the ~$10.69 trillion debt that BHO "inherited," and given that this debt is approximately 94.87% of America's ~$14.66 trillion Gross Domestic Product, we the people have good cause to be concerned.
 (3 comments, 1666 words in story) Full Story |
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