February 6, 2009
There are a lot of big numbers in the news these days. Here’s my contribution.
Put a dollar sign in front of that number and it represents our (the United States of America) total outstanding public debt to date. That’s 10 trillion plus dollars or about $35,000 for each and every U.S. citizen. (By the way, we are currently adding to that number at the rate of about $3.5 billion per day.)
Here’s how the debt increased under each U.S. President since President Roosevelt.
Some benevolent folks, over the years, have done their share to reduce that huge bill by donating directly to the debt.
The U. S. Congress is currently working on the American Recovery and Reinvestment Act of 2009 to address the issue. Taxpayers will be able to monitor the future spending of the stimulus funds at the soon-to-be-completed Recovery.gov website created by the Treasury Department.
Are you concerned or just curious about the details contained in the stimulus bill? Read the most recent version of the entire 736 page document here.