What is the total national debt of the United States?
Currently over $9.6 trillion. Keep in mind that the "total national debt" = "total public debt" + "total intergovernmental debt". Often when you hear that the "national debt" has been decreased (i.e. during the Clinton years), they mean only that the "total public debt" has been decreased, which is the amount of government-issue debt held by the public. HOWEVER, the other component of the "total national debt", "total intergovernmental debt", is just as important - it is the amount of money the government borrows from itself to pay off public debt. This is what is contributing to the future meltdown of the social security system: the government borrows from current social security surpluses (that are the result of all the baby boomers still paying social security taxes and not retiring and receiving benefits yet), and uses these borrowings to reduce its "public debt". BUT, when baby boomers start retiring and the social security system starts owing much more money than it is taking in, that money will not be in the social security vault because the government used it to pay off its public debt. Barring a MAJOR reform before this happens, this will result in either a) massive, massive tax increases to fund these social security obligations, b) massive amounts of money being borrowed, resulting in a likely $10-40 TRILLION increase in the national debt over the next 20-40 years, or c) these obligations not being met. This is why if you are under 40 you should hate the AARP... you hear nothing about this crisis in the election talk, but even if you end up having to pay 50-60% income tax twenty years down the road so your parents' generation can comfortably retire, your generation will still face a huge shortfall in your social security that it will have to somehow account for down the line. FORM AN AAYP (American Association of Young People) ASAP, you are being cruelly and recklessly taken advantage of by the preceding generation.
4 people found this useful
Elbridge Spaulding proposed the idea of a national dollar bill to the house of representatives in 1861. The bill was called the "Greenback".
The national debt is the amount of money the US owes over theamount of money it takes in. Debt is funded by selling treasurybonds. The U.S. currently has a national debt around 17.5trillion dollars.
The most common language spoken in the U.S., and the language ofthe U.S. Constitution and of most government activity, is English.English is the only language spoken at home in about 80% of U.S.households and is spoken by about 95% of the population. Spanish is the next most widely used language, sp…oken by about 4%of the population. French, the third highest, is spoken by about 3%of the population. There have been several attempts to amend the Constitution to adoptEnglish as the official language of the U.S., but as yet none havesucceeded. (MORE)
The lyrics to the United States national anthem are a truncated version of a poem by Francis Scott Key originally called "The Defense of Fort McHenry", sometimes called "The Siege of Fort McHenry", but most popularly known as "The Star-Spangled Banner" , and it is by this last name that the anthem… is known. The music for the anthem is taken from "The Anacreontic Song", often mistakenly called "To Anacreon in Heaven" (from the opening line of its lyrics), a British song which celebrated the pleasures of wine, women, and song. Set thus to music, the poem was a popular favorite for many years. In 1916, President Thomas Woodrow Wilson ordered that "The Star-Spangled banner" be played, like a national anthem, by the military and at state functions. In the lates '20s, a movement developed to legislate a national anthem, and on 3 March 1931 President Herbert Clark Hoover signed a measure making "The Start-Spangled Banner" the anthem of the United States by law. Key's original poem reads thus: . O! say can you see by the dawn's early light What so proudly we hailed at the twilight's last gleaming? Whose broad stripes and bright stars through the perilous fight, O'er the ramparts we watched were so gallantly streaming? And the rockets' red glare, the bombs bursting in air, Gave proof through the night that our flag was still there. Oh, say does that star-spangled banner yet wave O'er the land of the free and the home of the brave? On the shore, dimly seen through the mists of the deep, Where the foe's haughty host in dread silence reposes, What is that which the breeze, o'er the towering steep, As it fitfully blows, half conceals, half discloses? Now it catches the gleam of the morning's first beam, In full glory reflected now shines in the stream: 'Tis the star-spangled banner! Oh long may it wave O'er the land of the free and the home of the brave! And where is that band who so vauntingly swore That the havoc of war and the battle's confusion, A home and a country should leave us no more! Their blood has washed out their foul footsteps' pollution. No refuge could save the hireling and slave From the terror of flight, or the gloom of the grave: And the star-spangled banner in triumph doth wave O'er the land of the free and the home of the brave! O! thus be it ever, when freemen shall stand Between their loved home and the war's desolation! Blest with victory and peace, may the heav'n rescued land Praise the Power that hath made and preserved us a nation. Then conquer we must, when our cause it is just, And this be our motto: 'In God is our trust.' And the star-spangled banner in triumph shall wave O'er the land of the free and the home of the brave!. Note that the anthem "The Star-Spangled Banner" ends just a quarter of the way through the original poem , as it asks "Oh, say does that star-spangled banner yet wave / O'er the land of the free and the home of the brave?" One hundred and ninety-four years later, that's a very good question. Certainly there are plenty of flags to be seen waving, but are they over a land of the free and a home of the brave? (The bit about "the hireling and slave", by the way, is in reference to the foreign mercenaries and conscripts used by the British.) (MORE)
the First national government of the united states was the Articles of Confederation Actually the first National Government of the United States was the Second Continental Congress which governed during the Revolutionary War. The Articles were the first written gov't of the US.
Answer . The United States was in severe debt for several reasons. The biggest reason of all was because no single currency existed. Each state had their own currency and there was no way to determine which had value over which. The next problem would probably have to be the fact that it was a br…and new country, meaning that even if there was a single currency how would it have held up against the pound or the franc? (MORE)
as of like today, may 8th 2009. were $11 trillion and something in debt woot woot! now we have about $13 trillion. ouch
Why did Hamilton think it was important to pay the national debt the domestic debt and the state debts?
Hamilton believed that by accepting these debts and their full value, the wealthy creditors, banker, and merchants who owned the bonds would have a stake int he federal government`s success and enough cinfidence in its finical stability to loan it money in the future.
The estimated national debt in the United States in 1997 was 5.14trillion dollars. As of October 2014, the national debt is 17.8trillion dollars.
Look at the British after World War II. Cut the military budget; shrink the $10 trillion debt; and enjoy life again.
The national bird of the US is the bald eagle.. IT SHOWS THAT THE UNITED STATES IS STRONG BECAUSE THAT IS THE DSESCRIPTION OF THE BIRD
The people of the United States are represented by 535 differentpeople. Of these, 100 are Senators and 435 are Representatives.
This may seem shocking, but the United States has been debt as early as the 1800s. In November 2012 the debt is fast approaching 16 trillion dollars. The so-called fiscal cliff and the fact that the elections are over may change this.
Yellowstone National Park was the first, established in 1872. It is located in Wyoming, Montana, and Idaho. However, the oldest park in the National Park system is Hot Springs National Park in Arkansas. It was established as Hot Springs Reservation in 1832 (the concept of a National Park did not y…et exist at the time). It was the first time that a piece of land had been set aside by the federal government to preserve its use by the people. Hot Springs Reservation was renamed Hot Springs National Park in 1921. Actually, the National Park Service did not exist until 1916, so Yellowstone's date of 1872 cannot be valid if you don't accept Hot Spring's date of 1832. The "facts" are that Congress established Hot Springs Arkansas Reservation as a National Park on April 20, 1832. On March 1st, 1872, Congress established Yellowstone as the second National Park. A National Park printing in 1921 listed Hot Springs National Park as the first and Yellowstone as the second, but sometime in the 1930s, someone in the park service decided that Hot Springs was too urban and that Yellowstone, with its wilderness spaces and park rangers, was a better representation of what a "park" should be. History was therefore, re-written. (MORE)
The reason the United States is a powerful nation is because we are the only country in the world whose inhabitants are from EVERYWHERE. The belief in each other as citizens of this country to help one another, empowering our children to become citizens of the world. The United States has its heroes…, those people willing to work together to make the world a safer place for EVERYONE. Our society was built from the misfits of the world, who wanted to provide a democracy that encompassed every person, which is so stated in our US Constitution. (MORE)
I think that the hamburger and hotdog may be thought of as the food most eaten. There is such a vast diversity in people that live here and they bring their own culture of foods with them. The hamburger and hotdog comes to my mind first. Now I'm hungry.
Pro: The Nation will be debt free. Con: The National debt right now (2010) is 14,000,000,000,000 which is a lot of money to pay off and the nation might go broke.
Answer: through the commercial law league. The various publications, such as, ALQ & Forwarders list of attorneys list the requirements per state as to bonding and licensing. Some states do not require a bond. It also my understanding that is must be done for each state individually.. Answer: throug…h the commercial law league. The various publications, such as, ALQ & Forwarders list of attorneys list the requirements per state as to bonding and licensing. Some states do not require a bond. It also my understanding that is must be done for each state individually. (MORE)
I am not aware of a national dog which represents all of the USA. The most popular dog for the last several years -- according to American Kennel Club registrations -- has been the Labrador Retriever. Also, the American Pit Bull Terrier has been used extensively in old war posters from the early 190…0s, representing the "neutral but unafraid" America. But officially, I don't think America has a national dog per se. (MORE)
No, although peacocks are certainly beautiful, the only national bird of the United States is the bald eagle..
According to The United Nations website there are currently (2011)193 member states in the UN. In addition there are two non-memberstates with permanent observer status: The Holy See (Vatican) andPalestine. The international organization was founded by representatives of 51countries immediately aft…er World War II, on October 24, 1965. Thegoal of the group was to maintain international peace and security,work together to solve difficult human problems and developfriendly relations among nations. Aside from its peacekeepingactivities, the UN initiates and manages 30 affiliatedorganizations, known as the UN system. On the organization's agendaare topics touching on gender equality, environmentalresponsibility, the battle against poverty and disease, drugtrafficking and terrorism. (MORE)
They all have been native born citizens of the United States as is required by the US Constitution. Most of their ancestors have come from England, Scotland, Ireland or the Netherlands.
articles of confederation The first national government of the United States was the Articles of Confederation, which was the supreme law of the land from 1777-89.
The United States currently has 59 National parks. National parks are established by the United States Congress. The first National park that was established was Yellowstone National Park.
Despite formulating the concept and signing the Covenant, the United States of America never joined the League of Nations.
The US is one of the founding nations of the UN, and holds a permanent seat on the UN Security Council.
Carlos I of Spain inherited the Monarchies of Castile, Leon, and Aragon in 1516 in effect making all three kingdoms one Kingdom of Spain. Prior to 1516 Castile-Leon had been one Monarchy and Aragon had been a second Monarchy.
The United States doesn't actually have a national language. We mostly speak English because the first colonies were mainly established by English speakers and were under British rule.
An observer state is a state that is not a full voting member of the United Nations General Assembly, but it is sometimes a full sovereign state, or part way to being one, has some form of international recognition and it is allowed to participate in UN debate. Examples may include the Palestinian… Authority or Vatican City. (MORE)
The words are from a poem by Francis Scott Key. The music is from an old drinking song entitled "To Anacreon In Heaven," which was probably written by John Stafford Smith. . Francis Scott Key
Technically this is the US Secretary of State; at this time that is Hillary Clinton (but is subject to change). It is her, or her office, that represents the United States to the rest of the world.
Approximately $13.4 trillion dollars USD. This number is ever changing however, as the US government goes another million dollars into debt every 45 seconds.
After WWI ended, the USA wanted to stay home and keep out of European, Asian, and African problems. The USA wanted to be an isolationist nation and let the oceans keep it apart from the rest of the world. That way of thinking ended for most Americans on Dec. 7, 1941.
The Articles of Confederation were simply an established "friendship" between States. As long as the "friendship" was still intact the States could maintain their nation, but ultimately provided for a weak nation should any problems occur. The Articles of Confederation also left the Central governm…ent extremely weak compared to the State governments. The central gov't would try to regulate and make laws but they had no way/means of enforcing them upon the States. Basically the national government didn't have enough power. (You could say in lamest terms that the States were squabbling children who didn't listen to their parents.) Therefore the Framers of the Constitution (at the Philedalphia Convention) sought to unite the States AND create a government the States could all agree with and abide. Their goal was to balance the power of the State and National government so that the national government could enforce the law but not become too big or unlimited that the States didn't have any input. (MORE)
July 4th 1776 at The signing of the Declaration of Independence. Up tell that point it was high treason to sign the Declaration because they were under British Rule. At the point of signing they created their own Sovereignty.
It depends on who is doing the considering. 1) No: This is the most common international answer and the most commonly accepted domestic answer. The United States officially declares that it has not state religion and does not endorse any religious dogma as a basis for governance. 2) Yes: The U…nited States is predominantly Christian in terms of the religions practiced by its citizens and many laws, especially in certain parts of the country, are strongly influenced by Christian beliefs. In addition, many other religious countries, such as Saudi Arabia, consider the United States to be a Christian Nation because of the overall level of religiousness of its people (as opposed to say France which has become de facto atheist). (MORE)
at the time of my answer, 14.7 trillion or almost 50k per citizen, every single man woman and child and growing at a rate of several million a minute.
The current national savings rate of the United States is negative, specifically -3.9%. This means that Americans, on average, are spending more than they are earning.
No, there is not a national savings plan currently implemented in the United States. Similar plans might include IRAs or 401ks, but those are generally run through private businesses.
Because they borrowed money to get out of the recession and ifchina asks for their money back tomorrow the US goes back intorecession. The united states has what you called bonds which are a promise topay back the person who has those bonds. China bought more than onetrillion of dollars in bonds fr…om the united states. There is manythings the US goverement can do to lower that ammount. For exampleone could be adding more value to the US dollar doing so would meanthat chineese currency would be less valuable thus the debt wouldbe less. (correct me if i am wrong) Second the US goverment can doa payment plan to pay back the debt from china. (MORE)
"The three most popular debt consolidators in the U.S. would be ""Accredited Debt Relief"", ""Eagle One"", and ""National Relief"" (in descending order of popularity)."
"The United States has a debt ceiling, so that we as a nation, together with our leaders, can make an attempt to hold ourselves accountable in terms of our fiscal responsibility. The debt ceiling is also in conflict with 14th Amendment of the U.S. Constitution."
The National Women and Girls HIV/AIDS day is March 10. It is sad that the United States has to have a day dedicated to Women and Girls with the HIV or AIDS virus.
What problems were caused by the national debt the United States had at the end of the American revolution?
The biggest problem that was caused by the national debt of the United States of America at the end of the American Revolution was the need to create a tax system. The national debt, at that time, was mainly financed by the country of France.
It is exciting and great fun to watch. Unless you understand the rules and go to a game it is hard to explain. Basically it is a very slow game that suddenly can explode into action that is hard to keep up with. The game can suddenly change with the swing of one bat at one pitch.
The United States debt ceiling is a debate about government spending and debt. It discusses putting limits on the amount of debt the government can be in at any time and how much money the government can spend.
As of the first quarter of 2012, the total of national debt in the UK amounted to 86.8% of the total gross domestic product. This equals to roughly 1278.2 billion euros.
The best way to get a debt attorney in the US is by recommendation. Finding a debt counseling service in the first place will help one to be aware of the possibilities for resolving the situation, and they should be able to give recommendations for a debt attorney local to you if that is the best ro…ute to take. (MORE)
Because the United States was started by immigrants, everyone who lives or lived in the U.S were immigrants or had family that were immigrants.
The Pledge of Allegiance is thenational pledge of the United States. It is an expression ofallegiance to the Flag of the United States and the republic of theUnited States of America.