Consider how much each of us “owes” toward the national debt. You can find a wealth of information at https://www.usdebtclock.org (Links to an external site.)

1. What is the national debt when you look it up?

2. What is the debt per citizen . . .per taxpayer?

3. What is the interest amount on debt?

4. What is the debt per citizen in your State?

5. What is the percentage of debt to GDP in your State?

6. What is likely to happen to the interest amount when rates eventually increase above their current almost zero rates? Will higher interest rates affect either national or State budgets or both? Explain.

Answer rating: 100% (QA)

Discussion National Debt The US national debt has pitched to 27 trillion gross federal liability wit... View the full answer