The national debt of the United States has reached a new high, with estimates of the overall debt and the population of the United States calculating a debt equivalent to roughly $100,000 for every American citizen.
As reported by Just The News , the U.S. Census currently estimates an overall population of about 336 million. At the same time, the U.S. Treasury Department calculates a national debt of $34 trillion.
“The national debt just exceeded $100,000 per citizen,” said Congressman John James (R-Mich.) on the platform X, formerly known as Twitter. “This should send a message to the White House that this reckless federal spending is at a breaking point.”
At the same time, the Treasury confirmed that in the first month of the new fiscal year, the federal government’s deficit had reached $67 billion. Combined with ongoing inflation and a recent credit downgrade for the United States, these factors have led […]
Read the Whole Article From the Source: amgreatness.com
- Gold SKYROCKETED during Trump’s first term and is poised to do it again. Find out how Genesis Precious Metals can help you secure your retirement with a proper self-directed IRA backed by physical precious metals.