U.S. National Debt Surpasses $10 Trillion Mark (with no end in sight)
By Mike Adams, October 3, 2008 | Key concepts: National debt, U.S. government and Treasury
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The U.S. national debt is now a 14-digit number! $10 trillion and counting. And that's *before* the financial bailout, which turned out to be an $850 billion pork sandwich passed by a back-stabbing Congress that betrayed the wishes of 99% of the People.
From En.wikipedia.org: On 30 September 2008, the total U.S. federal debt passed the $10 trillion mark, for the first time[2], with about $32,895 per capita (that is, per U.S. resident). Of this amount, debt held by the public was roughly $5.3 trillion.[3] Adding unfunded Medicaid, Social Security, Medicare, and similar obligations, this figure rises to a total of $59.1 trillion, or $516,348 per household.[4] In 2007, the public debt was 36.9 percent of GDP [5], with a total debt of 65.5 percent of GDP.[6] The CIA ranked the total percentage as 26th in the world.[7]... more
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