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U.S. Government’s Foreign Debt Now $47,495 Per Household

Home - by - October 23, 2012 - 09:00 America/New_York - 5 Comments

CNS News

(CNSNews.com) – The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.

The portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household.

At the end of August, the latest period reported by the U.S. Treasury, foreign interests held a total of $5,430,000,000,000 in U.S. government debt. According to the Census Bureau’s latest estimate (which was for June 2012) there were 114,328,000 households in the United States. Therefore, the total U.S. government debt held by foreign interests was about $47,494.93 per household.

Barack Obama, Hu Jintao

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» 5 Comments

  1. BILL

    October 23rd, 2012

    having never voted for the federal budget and its associated deficits, how can i be on the hook for what someone else spent ?

    i say let the past, present and future politicians be assigned to pay down “their” debt !

    lets assign responsibility to the ones who earned it !

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  2. Ya sure

    October 23rd, 2012

    @BILL , 100% correct you are!

    I dare them to produce my signature on any loan papers

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  3. Noodengr

    October 23rd, 2012

    how many years have we gone without a budget? at this point no one has voted on any kind of loans.
    Throw every person elected before 2010 out and start over. You could not do worse if you picked 537 random folks off the street and stuck them in there.

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  4. Tim

    October 23rd, 2012

    “I am not responsible for any debt, public or private, incurred by anyone other than my wife or myself.”

    Let those who borrow, repay.

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  5. wildman

    October 23rd, 2012

    16 trillion in debt comes to 53K for every man, woman and child in the US. since just about half dont pay taxes, just double it for us working stiffs

    Thumb up +2