Thursday, March 26, 2009

What Does the National Debt Mean to You?


From Foxnews.com

Josh Gordon, policy director at The Concord Coalition, said such soaring debt levels, while sometimes hard to comprehend, have myriad adverse effects down the road.

"The interest you're paying sucks up valuable resources," Gordon said. "It leads to a situation where we're more at the whims of international investors."

The total national debt, as of this week, is above $11 trillion.

Gordon arrived at a per-person figure based only on the amount of debt held by the public, or $6.7 trillion. The price tag? $22,000 a head.


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