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Thursday, August 21, 2008

US Public Debt - $9.5 Trillion

As of April 2008, the United States owes about $9.5 Trillion dollars to various creditors. And this does not include the unfunded liabilities of Social Security, Medicare, Medicaid and other federal entitlements. If these are included the debt swells to $53 trillion. Thats the size of the GDP for the entire world. As for the $9.5 Trillion dollar debt, it is about $32,000 per person in the United States. Imagine that......

Read more at US Debt.

Also see a short film (click on the first clip) by Nigel Holmesabout what this debt mean in terms of sheer numbers.

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