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Archive for February 3rd, 2012

National Debt is Equal to $48,700 for Every American

Friday February 3rd, 2012   •   Posted by Stephanie Freedman at 4:33pm PST   •   5 Comments

Richmond Times Dispatch reported a calculation of each individual’s “responsibility” to the debt. “The national debt is equal to $48,700 for every American or $128,300 for every U.S. household,” Forbes, R-4th, wrote in a January 24 blog post. “It is now equivalent to the size of our entire economy.” Those are some eye-catching numbers, so wanted to see…
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