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“Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.” (Thomas Jefferson)

National Debt

National Debt

On January 26, 2016 … debt held by the public was $13.62 trillion or about 75% of the previous 12 months of GDP. Combined total gross national debt [was] $18.96 trillion or about 104% of the previous 12 months of GDP. The national debt equates to $58,650 per person U.S. population, or $158,280 per member of the U.S. working taxpayers, as of January 2016. (Courtesy © Wikipedia)