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National debt of the United States (view source)
Revision as of 19:55, October 18, 2010
, 19:55, October 18, 2010no edit summary
[[File:Obama deficits 2009-2010.JPG|275px|right|thumb|Under President Obama, the National debt is approaching 100% of [[Gross Domestic Product]] (GDP). The Greek Debt Crisis of 2010 was preciptated when Greek debt reached 115% of GDP.]]
[[File:Obama deficits 2009-2010.JPG|275px|right|thumb|Under President Obama, the National debt is approaching 100% of [[Gross Domestic Product]] (GDP). The Greek Debt Crisis of 2010 was preciptated when Greek debt reached 115% of GDP.<ref>http://www.cbo.gov/ftpdocs/116xx/doc11659/07-27_Debt_FiscalCrisis_Brief.pdf</ref>]]
The '''National Debt''' is the amount of money the [[United States]] government owes various [[creditors]] due to [[deficit spending]]. The current national debt is approximately 10.7 trillion dollars. <ref>http://www.treasurydirect.gov/NP/BPDLogin?application=np</ref>
The '''National Debt''' is the amount of money the [[United States]] government owes various [[creditors]] due to [[deficit spending]]. The current national debt is approximately 10.7 trillion dollars. <ref>http://www.treasurydirect.gov/NP/BPDLogin?application=np</ref>