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Debt Pages

The Debt

Debt FAQ

The Numbers

What is
The Debt?


Is It Real $ ?

Any Interest?

You Owe $

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a trillion, a billion
or a million?

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The National Debt
Numbers At a Glance
Figures revised after Monthly Treasury Statement is issued.
Last revision: June 10, 2009

In the News:
How much will the
financial rescue package cost you?
click here

Federal Monies, 2008
In: $2,523,858,000,000
Out: $2,978,664,000,000
Deficit: $454,806,000,000

Your Personal Share*
In: $1,496/month
Out: $1,766/month
Deficit: $270/month

The Debt Right Now:
###
(National Debt Clock
provided by zFacts.com)

Your Personal Share*
more than $81,038
(Your share has risen
about $39,500 in the past 8.5 years)

 

Current Monthly Interest
$29,416,000,000
(average for the past 6 months)

Your Personal Share*
$209.26/month
This comes out of your pocket every month.

(Interest figures can fluctuate widely from month to month. They are currently very low for the size of the debt, because recent, massive, short-term federal borrowing has been at near zero interest. Every month, we replace old high interest debt with new low interest debt. This will change dramatically when the eocnomic recovery begins. People and institutions that have parked money in US Treasury instruments will begin to move it into higher yield investments, and government borrowing costs will increase rapidly.)

Your Current Share* 
of the National Debt Payoff
Payoff Term
Your Monthly
Payment
15 yrs.
$563.49
30 yrs.
$345.99
50 yr.s
$265.83
100 yrs.
$219.19
(If we were to begin paying off the debt
today, before it gets any bigger.
Based on the interest figures shown above.)

*Personal share figures are derived by dividing national totals by the number of employed Americans.

Interest rate figures are derived by comparing the actual interest paid to the actual current debt.
Interest figures and debt payoff amounts fluctuate widely month-to-month, depending on the long term and short term debt that is retired and incurred in the month. Next month's numbers may look better or worse than this month, but over longer periods they are getting worse.

   

copyright © 2009, J. C. Adamson