Given the estimated population of the United States of 304,154,916, each citizen's share of this debt is $30,230.06 or about $121,000 for each family of four.
The National Debt has continued to increase an average of $3.14 billion per day since September 30, 2005! That is about $300 per month for each American. Something will have to give, and soon. The Stock Market's collapse at this updating, is at least a harbinger of things to come, even though sectors of the economy are in great shape.
The trade balance is defined by:
Savings - Investments = Exports - Imports.
Year |
Trade Deficit $ - Millions (US Census Bureau) |
| 2000 | 436,103 |
| 2001 | 411,899 |
| 2002 | 468,362 |
| 2003 | 532,351 |
| 2004 | 650,929 |
| 2005 | 750,000 [Projected] |
| Total | 3,249,544 |
America is on an unprecedented spending spree, using borrowed money!
Posted by RoadToPeace on Monday, November 28, 2005.
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