mdavaasambuu's blog

As of April 2008, the U.S. federal debt is approximately $9.5 trillion. This is $31, 100 for every U.S. resident. Especially since the 1980s, the U.S government has been spending more than their yearly budget every year. To cover the deficit, the U.S. government issues a new debt. Current debt of $9.5 trillion is the all-time high and is 9 times more compared to 1980s.