The Muser
muse: v. to reflect or meditate…

 
  All the material located at this web page address
is © J. C. Adamson, 2008 and prior years,
unless otherwise noted.
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Debt Pages

The Debt

Debt FAQ

The Numbers

2nd Quarter Borrowing

Debt Tops
$8 Trillion

Record
Borrowing

Are We Crazy?

Headline Spin

Foreign Holdings

Tax Cuts

What is
The Debt?


Is It Real $ ?

Any Interest?

You Owe $

A Surplus?

How Big is
a Trillion?

National Debt
Links

 
 

The National Debt
Numbers At a Glance
Figures revised after Monthly Treasury Statement is issued.
Last revision: July 16, 2008

Federal Monies, 2007
In: $2,567,671,000,000
Out: $2,730,505,000,000
Deficit: $162,834,000,000

Your Personal Share*
In: $1,467/month
Out: $1,560/month
Deficit: $93/month

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

Your Personal Share*
more than $65,107
(Your share has risen
about $23,500 in the past 7.5 years)

 

Current Monthly Interest
$37,245,000,000
(average for the past 6 months)

Your Personal Share*
$255.29/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 interest rates have been at historic lows.
Even though rates are rising now, our actual interest payments still fall in some months, because we replace old high interest debt with new lower interest debt. These recent interest hikes haven't cost us much yet. They will! )

Your Current Share* 
of the National Debt Payoff
Payoff Term
Your Monthly
Payment
15 yrs.
$504.92
30 yrs.
$337.88
50 yr.s
$282.26
100 yrs.
$257.65
(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 © 2008, J. C. Adamson