National Debt

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

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)

• 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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