How quickly does the national debt grow?

Posted By: Dr. Frugal in Economics on 12/04/2007 at 06:33:00

So just how fast does the current national debt grow? About $1m/m. That's right--one million dollars every second. While that sounds like (and is) a ton of money, if you think about it, it's really not that much considering all the things that we're spending money on. It's pretty amazing to me that people are still willing to loan the United States money.

What is your cut of the national debt? I'll tell you $30k. If only the number wasn't so high I'd pay off my family's share ($120k) over ten years on the condition everyone else did the same thing. Hah!

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