National Debt? Have You Really Thought About It?

 

national debt

I will have to admit that I never really thought about it before. Yea I know that our country is in an economic crisis but I still never thought about the amount of debt that this country is in. Did you know that if every United States citizen paid an equal share in the  national debt that would come to $53,008? I don’t know about you but I don’t happen to have an extra $50,000 hanging around.

I found this information out by checking out The National Debt Clock. This is such neat resource that I did not know existed. It is an ongoing clock that keeps track of our national debt. It changes by the seconds. Yep it goes by that quick.

What I loved about this clock is that it also compares the Presidents and the percentage of debt that they occurred during their presidency. What I really think is interesting is that so many people are quick to blame our former president, whose annual growth rate was 8.03%,  for the crisis our country is in but yet our current president has an annual growth rate of 15.21%. I found that very interesting.

What I also found interesting is that is also compared the total public debt for several countries. It was no surprise to me that the United States is in the lead at 16.6 trillion. Wow that is a lot of debt. Let me rephrase what I said, I was not surprised that we were first debt but I was surprised at the amount.  What I also found interesting was the commentary written beside the amount. It said, “when the recession hit in 2008, it hit hard. In an attempt to buoy the nation, leaders have tried to pump funds into programs meant to alleviate financial burdens on individuals. This only sinks the country as a whole deeper into a deficit.” Wow if only our leaders would take notice of this simple fact and start doing something about it.

Check out the National Debt Clock for yourself. I think you will find it quite interesting.

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