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The obvious reason is that it borrows more than it pays back. Congress controls government spending and taxation. More money is spent than is collected in taxes, so the difference has to be borrowed , putting the US in debt.
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How much is US foreign debt?
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
What is the debt collection in Canada and the US?
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
What is the debt per citizen?
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190
How much debt does the US have?
We hvae about $3,000,000,000,000 or $3 Trillion in debt =[
Where can one find online the US Debt Clock?
The easiest way to find the US Debt Clock online is by typing "US Debt Clock" into your web browser. It should always be the first listing on the page.
What was the US debt in 1776?
us federal debt in 1850
What was the us's debt in 1776?
us federal debt in 1850
How much US Debt in trillions?
Total US Debt: $14.1 Trillion Debt Held by US Public: $9.49 Trillion Debt held by Foreigners: $4.45 Trillion
What type of debt does the US have and who is it owed to?
The majority of US debt is actually owed to US citizens.
What is Germany's debt to US?
The Us debt to Germany is 43.3 Billion Dollars.
What is the US national debt?
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
Is the US in debt?
Yes, currently the USA is in debt and the debt is increasing daily.
How much is US foreign debt?
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
What is the debt collection in Canada and the US?
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
What is the debt per citizen?
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190
What is the duration of Til Debt Do Us Part?
The duration of Til Debt Do Us Part is 1800.0 seconds.
How much is the US national debt?
As of January 31st 2011, total debt of the US economy is 14.13 Trillion US Dollars.
