Thursday, April 26, 2007

U.S Debt equals 90% networth of all American families

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The National Debt increased $2.46 billion per day since 2005!

The portion of the U.S. debt privately held by non-U.S. citizens has risen to 45%.

Foreign debt holdings have continued to increase in 2006 and 2007

The trade deficit is on track to set a record for a sixth consecutive year, running at an annual rate of $780 billion. 2006 was almost 10% percent higher than the 2005 $700+ billion record.

Government debt has increased 25% in less than four years.

In four years, U.S. debt has increased more than two trillion U.S. dollars — $2,000,000,000,000.00

The estimated population of the United States 2006 is around 300,000,000 people. The government's obligations, current liabilities and unfunded commitments are more than $43 trillion and rising. As the Government Accountability Office suggests, the estimated net worth of all American families is about $47 trillion, and 90 percent of that would be required to cover current obligations.

US Income Gap Widening Significantly, Data

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