First of all, a Trillion dollars has so many zeros that I do not know if I typed the number correctly 14.46 TRILLION in debt (+ Interest). That is 98 percent of the U.S. Gross domestic product.
14.46 Trillion divided by 50 states = 289,200,000,000 dollars
14.46 Trillion divided by 311 million citizens = 46,495 dollars
Each US citizen has a debt of 46,495 dollars (regardless of age).
Major foreign holders of U.S. Treasury securities:
China
Japan
United Kingdom
Brasil
Taiwan
Russia
Hong Kong
Switzerland
Canada
http://www.treasury.gov/resource-cen...uments/mfh.txt
Why is the US borrowing so much from other countries (through bonds, securities)?
Is the U.S. really independent? (Oil dependency + Biggest debtor nation)
The US debt has increased 500 billion each year since 2003.
By 2021 the U.S. debt is going to reach 19.46 Trillion (proyected).
Why the U.S. media does not promote a change in consumption/credit borrowing habits? The media does the opposite. "Buy Buy Buy the new ______ at zero percent interested rate for the first year" and when you read the small letters of the Ad it says 12.99 interest rate after the first year..
Other thing... Why city planners do not add a subway system/trams to each major city so that people have alternative/low cost transportation?
The oil dependency will be reduced and the borrowing habits (purchase/leasing of new cars every 3 years) will be reduced too.
The U.S. Consumes 25 percent of the worlds oil that is pumped every day.
Scientist have said that if the world looses that many thousands of tons of mass (oil is below the surface) the results are Tsunamies, earthquakes, etc...
The US is the only nation of the world that refuses to sign the Kyoto Protocol.
en.m.wikipedia.org/wiki/Kyoto_Protocol
Do you think the US habits are fair to the rest of the world and also to its own US citizens ?
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What's sad is that millions of Americans actually believe this but they still wonder why the cost of bread and milk is going up daily. They wonder why the cost of everything they purchase goes up but they feel that national debt isn't their problem.
