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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.
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∙ 11y ago
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What happens to the people of United States if the debt of the United States continues to rise?
Look at the British after World War II. Cut the military budget; shrink the $10 trillion debt; and enjoy life again.
What year did the national debt start?
keylee parks and kolton astle hates spending money
What was the U S National debt in 1999?
The estimated national debt in the United States in 1997 was 5.14 trillion dollars. As of October 2014, the national debt is 17.8 trillion dollars.
Why is China considered a leader in world economics?
They are one of the primary holders of the US debt. So in a sense, they are leading the United States in fiscal responsibility.
What is the size of the US deficit?
As of 7/22/2014, the size of the US deficit is $17 trillion. According to the US Debt Clock website: "The estimated population of the United States is 318,662,593so each citizen's share of this debt is $55,255.02."
What is the United States debt ceiling?
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.
What is the public debt?
The public debt is the debt that the United States government owes to other countries.
Who owns most of United States debt?
China
How much is are nation in debt?
in united states of america currently 14.6 trillion dollars in debt
Who controls the level of national debt?
The level of national debt is controlled by Congress in the United States.
Where is the southern cross found?
Pretty far South. It is not visible from the United States, or from most of Europe.Pretty far South. It is not visible from the United States, or from most of Europe.Pretty far South. It is not visible from the United States, or from most of Europe.Pretty far South. It is not visible from the United States, or from most of Europe.
Who has more money Canada or the United States?
The US has far greater tax revenues and spending power, but they're also now trillions of dollars in debt.
How can the united states debt be fixed?
By getting rid of Obama
What two words describe the word debt?
United States.
What is the United States national debt as of 2011?
about 55 billion.
Which state has the least debt in the United States?
North Carolina
What was the solution to Texas had a huge debt from its war from Mexico?
It joined the United States, which helped assume the debt.
