How deep is the United States in debt?
The U.S. National Debt Clock: The Outstanding Public Debt as of 03 Nov 2008 is: $ 10,545,399,717,471.86. Thanks for using ChaCha.
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About National Debt
The US National Debt is the measure of obligation the federal United States government owes. As of December 31, 2010, the total debt outstanding was $14.03 trillion dollars. The debt has increased over $500 billion ever year since 2003, with excess of $1 trillion since 2008.
About Debt
Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)
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