Wednesday, January 6, 2016

National Debt What does it mean to you

The United States is over 18 trillion dollars in debt and is obviously increasing at an alarming rate. This does not mean much to the average american, when you inform someone that the national debt is out of control and is currently increasing stopping for nothing this is not anything new but we have had the fact that we are in a an absurd amount of debt it beaten into our head it numbs us after a while a is usually now disregarded
as it is constantly remarked. The average american family in the bracket of 30,00-250,00 has heard the deficit numbers so often they mean nothing to a financially uneducated population. The national debt for the american taxpayer is $157,183 the interest per citizen is $7,520 simply interest. The federal budget for the United States is 40 trillion with a built in deficit of 474 billion. The largest expenditures are medicare/cade at 1 trillion, social security at 888 billion, and the defense budget at 583.5 billion. The interest americans are currently paying for the national debt would fund many valuable programs for americans.

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