$12,031,299,186,290.07
The national debt of the United States has topped $12 trillion:
It's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.This doesn't include the unfunded liabilities of Medicare, Medicaid and Social Security, which top $49 trillion (thought likely higher since the recession).Technically, the debt hit the new high yesterday, but it was posted on the Treasury Department website just after 3:00 p.m. ET today. The exact calculation of the debt is a 16-digit tongue-twister and red-ink tsunami: $12,031,299,186,290.07
This latest milestone in the ever-rising journey of the National Debt comes less than eight months after it hit $11 trillion for the first time. The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year's record high.
Comments
$38,974.34 owed for every man, woman and child.
More math: Only approximately 1/3 of the population are actual participant earners in our economy and only 1/2 of those pay taxes that go towards this debt... to save you time, for the average taxpayer that is the above figure times 6. Too bad you as an individual can't just raise your debt limit so willy-nilly... and even if you could, most producers know how irresponsible that would be.
Posted by: Daniel N. Adams | November 18, 2009 09:59 AM