Federal Budget
Pie Chart of Who Holds US Debt — The Highest Isn’t China
Tonight’s inquiry: Who really holds the much discussed US debt? Well, I took a look first at what the total debt was right now. The total is $14.7 trillion and counting of course. But, what was a little shocking was that next to that number was a calculation divvying up the debt to $47K per…
Read MoreWhat Fiscal Restraint? Back to Republican Borrow and Spend
Examines the reality of whether Republicans or Democrats are more at fault for the US federal budget deficit.
Read MoreAmericans Would Need $30K Each to Payoff the National Debt
By some accounts, the U.S. National Debt is so high enough now that even if we wanted to pay it off, everyone in the country would have to chip in a whopping $30,000 per person! This is based on a 9.3 trillion dollar debt divided by 303 million people. Since only about 143 million of…
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