The current Outstanding Public Debt of USA is $9.8 trillion. Before this mammoth total, a $700 billion bailout plan looks dwarfed...
Since the subprime crisis, the National Debt has scaled at an average of $2.42 billion per day since September 28, 2007!
What are your comments on this?
ps. The debt may have increased by now. Check it out here.
Yes it has increased!! It has crossed $10 trillion a few days back. The digital clock in New York City could accomodate a debt of no more than $9.99 trillion, but with the debt crossing 81% of US's GDP, the clock had to remove the dollar($) sign to make way for the "1" 's place in the digits.