The government is shutdown because the democrats and republicans cannot come to a mutral agreement. Democrats think we should have Obamacare while Republicans say that our government will go into a bigger debt which could some day force each American citizen to pay 60,000 to 80,000 each to pay off the governments debt.
25000
Around $18.75.
if who ever wrote this meant how did Britain pay there war debt .ANSWER IS : they used taxes to pay for it
France and the Netherlands.
20 trillion american dollors in debt.
The average American has a credit card debt of around fifteen thousand dollars. This is just the average though, some people have more and some have less.
Infinite amount, each bill is a debt and more money in circulation decreases it's worth which can lead to recession. This happened in Russia and overnight everything went up drastically in price as the Rouble fell in value.
A debt repayment calculator shows how much money you can save by paying extra on your debt each month. Any extra money you put on your payment each month reduces the principle. By paying just a little extra each month, you can reduce the principle faster. This reduces the amount of interest you will owe in the coming months. Plugging in different amounts will help you see how much money you can save and must quicker your debt will be paid.
Currently, American taxpayers are paying $53,000,000,000 (yes that's BILLION) per MONTH just for the INTEREST on our current debt!
Yes a lot of people have too much credit card debt that they are only paying the minimum due each month and not enough saving
If you owe multiple bills and have credit cards that you need to pay off, you can use a debt calculator on any bank website to see how much you might have to pay each month. Getting in debt is easy to do if you don�t have a monthly budget, but you can correct your debt situation if you know how to set aside money each month for the bills that you have. A debt calculator will also give you an idea on how much you might be able to spend extra each month on a car or home if you choose to purchase it.
"The job of a debt consolidation firm is to work with their clients to organize and consolidate their mountain of debt. This is accomplished by lumping as much together as possible and thus permitting maybe a single payment each month, instead of multiple payments each month."
As long as you are paying your bills on time each month, your credit score will not be effected. However, too much debt or revolving credit can affect whether or now you can get loans.
The current US debt as of June, 2013 is 1$6,787,451,118,147 and there are just over 7 billion people in the world. So if we divided the debt by 7 billion the amount each would pay is $2398.21.
About $40,000 per person as of 2008.
You take the total assets, divide it by the total amount available. In the simplest form, if there are $100,000 in debt and $25,000 in assets, each debtor would the 25 cents for every dollar owed them.