According to the US Nation Debt Clock, a milestone was achieved this week:
The US National Debt is now officially more than $13 Trillion.
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To put the Debt number in perspective:
(1) It’s already equal to over 90% of annual GDP
(2) It’s heading higher by almost $1.5 Trillion annually at current tax and spending rates
(3) If you’re in the half of the population that pays income taxes, your share of the US Debt is almost $120,000
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