Learn Liberty | How big is the US debt? @LearnLiberty | Uploaded May 2023 | Updated October 2024, 3 hours ago.
Let's put it in perspective.
Imagine the total wealth produced by France in a year, their GDP. Now multiply that by nearly fifteen. As of today, US #debt stands at a staggering $31.46 trillion.
In more relatable terms, that's nearly $95,000 owed by every American. But, wait, there's more. This doesn't even count unfunded obligations. Including these - like social security and Medicare - it's a mammoth $156.1 trillion. That's like every American owing roughly $470,000 each!
And that, folks, is the real size of US debt.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org/.
Let's put it in perspective.
Imagine the total wealth produced by France in a year, their GDP. Now multiply that by nearly fifteen. As of today, US #debt stands at a staggering $31.46 trillion.
In more relatable terms, that's nearly $95,000 owed by every American. But, wait, there's more. This doesn't even count unfunded obligations. Including these - like social security and Medicare - it's a mammoth $156.1 trillion. That's like every American owing roughly $470,000 each!
And that, folks, is the real size of US debt.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org/.
