How big is the US Deficit, really?
Thursday, January 25th, 2007Something has always bothered me about media reports regarding the deficit. When I hear, as I did today, that the deficit will be “only” $200 billion in 2007, that number represents the amount of debt that will be added to the total national debt in 2007. So how much is the total national debt? As of January 25, 2007, it is $8,683,622,356,682. That’s 8.7 trillion dollars.
This figure came from the National Debt Clock. It translates into a debt of $28,868.83 for each man, woman and child in the US, based on an estimated population of the United States of 300,795,538.