Debt
The federal debt of $5.7 Trillion, or $21,000 per child. This chapter covers all U.S. debt,
called National Debt (national debt is here defined as the sum of all recognized debt of
federal, state & local governments, international, private households, business and
domestic financial sectors, including federal debt to trust funds – but excludes the huge
un-funded contingent liabilities of social security, government pensions and medicare).
The National Debt Total is now over $27 Trillion, or $101,000 per man, woman and child.
To get you started since a picture is worth a thousand words, following is one of the
many pictures shown in the Full National Debt Report via its link at bottom this page.
This is A SCARY CHART – showing 4 decade trends of national debt (the red line,
reaching $25 trillion) vs growth of the economy a measured by national income (blue line),
adjusted for inflation in 1998 dollars.
National debt is here defined as all U.S. debt (sum debt of federal and state & local
governments, international, and private debt, incl. household, business and financial sector,
including federal debt to trust funds).
Note from 1957 to the early 1970s each curve approximately doubled – meaning about
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