You don’t hear much today about the national debt. People just don’t talk about it very much these days. Is it because it is so high that the average person simply can’t comprehend it?The …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, or you are a print subscriber who had access to our previous wesbite, then you already have an account here. Just reset your password if you have not yet logged in to your account on this new site.
If you are a current print subscriber and did not have a user account on our previous website, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
You don’t hear much today about the national debt. People just don’t talk about it very much these days. Is it because it is so high that the average person simply can’t comprehend it?The national debt is about $22 trillion.The national debt is unpaid borrowed funds carried by the federal government, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.Most people don’t seem to worry about it. In fact, when was the last time you heard high federal officials even discuss it, or caution about it? National debt reduction is no longer a major issue in the United States.One way to look at it is, the debt load is $67,000 for every man, woman and child in the country. We wonder if that includes the illegal aliens in the United States.America has always been in debt — or born in debt so the saying goes.The attitude seems to be, not to worry. And the average American doesn’t worry about it as it grows every year.