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U.S. Treasury - Fact Sheet On The Gross Federal Debt History
Blog Post Date: Oct 20 2005
U.S. Treasury - Fact Sheet on the Gross Federal Debt History
In 1940 the Gross Federal Debt - U.S. debt was $ 50,696 million ($51 billion). in 2005 the Gross Federal Debt is estimated at $6,118,364 million ($6.2 trillion)
That's a 12,000% increase in the debt over 65 years.
That does not indicate that people have been patient and paying cash. It indicates that everyone from individuals to corporations to goverments are deep in debt.
U.S. Population 1940 - 130,962,661
2005 U.S. Population - 296,383,219
That's a 226% increase in population.
Recap:
12,000% increase in debt
226% increase in population
U.S. Treasury - Fact Sheet on the Gross Federal Debt History
Check out Population Clock World
How long can this go on?
In 1940 the Gross Federal Debt - U.S. debt was $ 50,696 million ($51 billion). in 2005 the Gross Federal Debt is estimated at $6,118,364 million ($6.2 trillion)
That's a 12,000% increase in the debt over 65 years.
That does not indicate that people have been patient and paying cash. It indicates that everyone from individuals to corporations to goverments are deep in debt.
U.S. Population 1940 - 130,962,661
2005 U.S. Population - 296,383,219
That's a 226% increase in population.
Recap:
12,000% increase in debt
226% increase in population
U.S. Treasury - Fact Sheet on the Gross Federal Debt History
Check out Population Clock World
How long can this go on?
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