President Barack Obama did inherit a debt and although both the President and former President Bush have added quite a bit to the debt. Over time it is a collective fault each contributing, some more, some less. Note that the only President that balanced the budget was President Clinton. The country has never had zero debt.
to destroy us
us federal debt in 1850
us federal debt in 1850
Total US Debt: $14.1 Trillion Debt Held by US Public: $9.49 Trillion Debt held by Foreigners: $4.45 Trillion
The majority of US debt is actually owed to US citizens.
The Us debt to Germany is 43.3 Billion Dollars.
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
well obviously to stimulate the economy and get us out of this resesion!
Yes, currently the USA is in debt and the debt is increasing daily.
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190