RSSU.S. National Debt 2008
Between September and October 2008, the Total U.S. National Debt increased by nearly one trillion dollars, or about 10% of the outstanding debt. Most of this increase is due to public borrowing to finance the Wall Street Bailout plan. The additional borrowing on top of the mandatory increases in programs such as Social Security (which will increase payout by 5.8% in January of 2009) represents a significant loss in financial flexibility which makes the problem of persistent deficit spending even more difficult to solve.
At the current rate, the national debt is increasing by nearly 4 billion dollars every day! See our National Debt Clock.
10 Responses to “U.S. National Debt 2008”
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November 24th, 2008 at 6:21 pm
Larry is on point and I agree. There is no if trickle down economics will work we know that it did not and never will work. But I also get so tired of these folks talinf about people wanting hand outs. How aboout a hand up! I know Veterans as I am one of them that has been injured in war and can’t get decent healthcare. Are they asking for a hand out?! Iknow men and women that have college degrees and cant find work in their feild so thay work at jobs making half iof what tey could and should be making if the so caled American business stop going over seas. Almost every town that I have visited in the south were i am located that used to be big on industry with plenty of jobs that had upward advancement have closed down . Most of the jobs are in some sort of Service Oriented field. Now i don’t know where you live but you cant make a decent living working at Red Lobster or the Golden Coral and still afford Health Care, Pay rent and put food on the table.
It is also funny how the people that gripe about any form of Government Assistance ,
are the one that don’t need it!
Health care has skyrocketed because of the industries greed. Now if you really beleive all the stuff that you hear on your CFR ran news media then if thee are so many peopleout of work and no hope in the very near future, no job means no pay, no pay mens no insurance, no insurance means no treatment unless it is from some sort of gov intervention.
Stop talking over the people heads and shoot straight.
January 18th, 2009 at 8:51 pm
What is the interest rate on our National Debt?
[Editor - The answer fluctuates because U. S. securities are issued at various rates determined by auction. The Treasury Department does compute the average weighted interest rate for all U. S. debt has not matured. For December 2008, the answer is 3.866%. The average rate is computed each month and published here.]
September 22nd, 2009 at 8:17 am
Hello Ross and to all…
If we really want to ACTUALLY SOLVE the many problems with our country….WE HAVE TO GO “HOME”….WE HAVE TO “GET BACK TO THE BASICS” OF WHAT MAKES US “GREAT”. And to me, 2 of those CORE ISSUES-BASICS are 1) Our ORIGINAL LAWS which come from OUR DECLARATION OF INDEPENDENCE, OUR CONSTITUTION, THE BILL OF RIGHTS…..and PLEASE let us NOT leave out…..THE FEDERALIST PAPERS (which give support to WHY our forefathers MADE THE DECISIONS THAT THEY MADE AND TOOK THE ACTIONS THAT THEY TOOK…..to “RING OUT THE BELL OF LIBERTY FOR ALL”.
and the second major issue is 2) the SYMBOL OF OUR MUTUAL TRUST AND FREEDOM TO PURSUE OUR LIBERTIES…… OUR MONEY.
Because MANY VERY SERIOUS ISSUES that we face, WE FACE BECAUSE WE HAVE GOTTEN SO FAR AWAY FROM THESE TWO BASICS…..OUR LAWS AND OUR MONEY.ds
September 22nd, 2009 at 11:40 am
How much of that debt do we owe to the “Federal Reserve” who simply made up the money to buy the treasury bills, notes, bonds?
How come people believe China is the biggest US creditor? Who would give the US government 1000 billion US dollars so they can hand it over to a couple of corrupt banks? Anybody out there? So what do people believe where the money comes from?
WAKE UP AMERICA!
September 22nd, 2009 at 11:51 am
HERE IS A MUST SEE MOVIE: “MONEYASDEBT” Google or YouTube it!