Note: This is new govt. debt! Thanks Democrats! The total is now over $44,886 per man, woman & child! However, only about 1/4 of Americans actually pay taxes. Most citizens owe/pay none. Vast numbers of workers end up actually paying little or nothing. This mean that each taxpaying worker owes about $160,000 in debt.
111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.
CNSNews.com
Monday, December 27, 2010
By Terence P. Jeffrey
(CNSNews.com) - The federal government has accumulated more new debt--$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury.
That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States by the 2010 Census.
The total national debt of $13,858,529,371,601.09 (or $13.859 trillion), as recorded by the U.S. Treasury at the close of business on Dec. 22, now equals $44,886.57 for every man, woman and child in the United States.
In fact, the 111th Congress not only has set the record as the most debt-accumulating Congress in U.S. history, but also has out-stripped its nearest competitor, the 110th, by an astounding $1.262 trillion in new debt.
Full article: http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100