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- The current National Debt exceeds $9.4 trillion
- The per capita debt exceeds $30,000
- Increases by $1.5 billion daily
- United States (Government)
- United States (Citizens)
- Congress set a national debt limit of $9.815 trillion
- Debt has grown from $5.6 trillion to $9.4 trillion during the Bush Administration
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The US National Debt is the amount of money that the US Government owes any number of creditors at given time. A large part of the debt can be attributed to money borrowed by the government in times of a federal deficit. It is often called the "public debt" not because the public is responsible for the occurrence of debt, but because the public is responsible for repaying it.Amoritization: National Debt
"Passing The Buck"
The growth of the debt has invited criticism of Congress and the Bush Administration. Critics have claimed that politicians have mortgaged the future for the sake of leveraging the political agenda of the present.House.gov: Our National Debt is Future Generation's Load to Bear (August, 2007)-
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National Debt Questions
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Good debt vs Bad debt 2 AnswersGood debt is money you borrow as an investment. For example, if you borrow $150,000 in student loans to become a lawyer that makes a starting salary of $165,000... read more
Maria Bartiromo to George Soros about the banks that will not be allowed to fail. Theyll be nationalized? 2 Answersbbrookin, I don't think I disagree with you, but I am sure I do not quite understand what you are saying. What Mr. Soros is saying is that it is better for the... read more
How does a debt collector buy debt from the banks? 1 AnswerBanks sell debt because they don't think that they will get the payment. Usually the debts are sold for pennies on the dollar. Generally speaking I don't think ... read more
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Issue Satire and Humor
- TheSpoof.com: National Debt reaches $7,826,689,777,692.15, Bush Plans National Debt Payment Plan
- The Dr. No! Zone blog: Ron Paul Satire
- The Onion: Bush: 'Our Long National Nightmare Of Peace And Prosperity Is Finally Over'
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On Twitter Powered by Twitter
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Ron Paul on Healthcare & the impact on our national debt: http://www.youtube.com/watch?v=_GsyHaHsHn4 http://bit.ly/7BkfJj
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Unfortunately our country has a giant blind spot and at the dead center of it is the national debt.
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Kinda like the national debt counter - but more fun: Twitter's live counter http://popacular.com/gigatweet/
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US national debt payments next year more than Dept of Education, Homeland Security, wars in Iraq & Afghanistan http://tinyurl.com/y9vgxe5
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Even CIA Director Lean Panetta is worried about our national debt and budget... http://bit.ly/5FBJas
view more tweets...
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