How much is the national debt·

Posted By: Dr. Frugal in Credit on 11/08/2007 at 07:31:47

I wasn't sure which section to post this in because I don't have a "Debt" category (yet anyway) so I guess I'll put this under credit since the national debt is essentially run off credit. As of today, November 9th, 2007, the US national debt is about $9 trillion dollars ($9,000,000,000,000). To give you some perspective, the debt was a record $413 billion dollars in 2004, about 20% of what it is now. So how did we rack up so much national debt· Well, the wars are expensive. Very expensive. And like every other type of loan, it's only going to grow with the compounding interest. Throw in a weakening dollar and there you have it: a national debt of $9 trillion dollars.

Comments

Posted by Mike at August 5, 2008, 6:55 am:

jawdropping....


Posted by mike@michaeldt.com at August 14, 2008, 11:19 am:
hey I am a web developer and still a student. Wondering if we could chat Mike


Posted by Ron at September 11, 2008, 4:20 pm:
Dr. Frugal, You are incorrect in saying that the debt was $413 Billion in 2004. You are confusing the National debt with the Yearly deficit. Ron


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