Discussion Topic:

This week, let's consider how much each of us "owes" toward the national debt.You can find a wealth of information athttps://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 Illinois?

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

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

You can find a wealth of information athttps://www.usdebtclock.org