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The '''National Debt''' is the amount of [[money]] the [[United States]] [[Federal government]] owes various creditors due to [[deficit spending]].   

The '''National Debt''' is the amount of [[money]] the [[United States]] [[Federal government]] owes various creditors due to [[deficit spending]].   

The [[National debt of the United States|United States has about $31 trillion in national debt]]. That is about  $96,371 per American. 

As of December 2021, the National debt of the United States is about $31 trillion in national debt]]. In 2021, that was about  $96,371 per American.<ref>[https://thehill.com/opinion/finance/585679-you-owe-more-than-500000-and-counting/ You owe more than $500,000 — and counting], The Hill,  12/14/21</ref>  

In addition, American taxpayers have been paying into the USA retirement program [[Social Security]] and its medical program for seniors called [[Medicare]] for decades.  The Social Security and Medicare programs are now unfunded liabilities. If one combines the United States national debt with the unfunded liabilities of Social Security and Medicare, each American owes more than $500,000.<ref>[https://thehill.com/opinion/finance/585679-you-owe-more-than-500000-and-counting/ You owe more than $500,000 — and counting], The Hill,  12/14/21</ref>  Many USA taxpayers will be unable to collect the amount they put in Social Security and Medicare by the time they need it because the programs will be cut back by then. In all likelihood, the Social Security and Medicare programs will become [[Means Test|means tested]]. See: [https://www.youtube.com/watch?v=EPjrFjAxwlw Prof. Antony Davies: 10 Myths About Government Debt]

In addition, American taxpayers have been paying into the USA retirement program [[Social Security]] and its medical program for seniors called [[Medicare]] for decades.  The Social Security and Medicare programs are now unfunded liabilities. If one combines the United States national debt with the unfunded liabilities of Social Security and Medicare, each American owes more than $500,000.<ref>[https://thehill.com/opinion/finance/585679-you-owe-more-than-500000-and-counting/ You owe more than $500,000 — and counting], The Hill,  12/14/21</ref>  Many USA taxpayers will be unable to collect the amount they put in Social Security and Medicare by the time they need it because the programs will be cut back by then. In all likelihood, the Social Security and Medicare programs will become [[Means Test|means tested]]. See: [https://www.youtube.com/watch?v=EPjrFjAxwlw Prof. Antony Davies: 10 Myths About Government Debt]