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.
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How has obama affected the national debt? what is he spending on?
Hmm... we sent that Answer to you already! Txt GETNEW to get ...
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What was the national debt after the Mexican American War?
The Mexican-American War was an armed conflict between the Un...
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Why did FDR become concerned about the national debt?
"It wasn't so much FDR that ended the depression, it was WWII...
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How is national debt measured?
National debt is measured using the gross debt figure that in...
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What did Robert Morris propose to help pay the national debt?
Robert Morris urged the sound-money faction to press for a Fe...
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How is national debt measured?
National debt is measured using the gross debt figure that in...
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Why did FDR become concerned about the national debt?
"It wasn't so much FDR that ended the depression, it was WWII...
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What did Robert Morris propose to help pay the national debt?
Robert Morris urged the sound-money faction to press for a Fe...
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How has obama affected the national debt? what is he spending on?
Hmm... we sent that Answer to you already! Txt GETNEW to get ...
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What is one of the major problems caused by a large national debt?
One major problem of having a large national debt is that it ...
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What is the nations national debt?
The U.S. National Debt is currently approximately 13. 8 trill...
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What countries have a national debt?
Brazil, Russia, Mexico, China, Indonesia, Argentina, South Ko...
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The US National Debt as of this point in time is $ 1 4 , 0 1 ...
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How much has the national debt increased since Obama has taken office?
His actual number is not available but he plans on a deficit ...
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How much was the US national debt before and after George W Bush was in office?
09/30/2000 the national debt was $5,674,178,209,886.86. On 09...
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The US National Debt as of this point in time is $ 1 4 , 0 1 ...
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What is the nations national debt?
The U.S. National Debt is currently approximately 13. 8 trill...
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What is the nation's national debt?
The U.S. National Debt is currently approximately 13. 8 trill...
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What is the national debt of Japan?
The national debt of Japan is 192% of the GDP. ChaCha!
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What did Robert Morris propose to help pay the national debt?
Robert Morris urged the sound-money faction to press for a Fe...
About National Debt
History
The United States has had public debt since the Revolutionary War. The national debt grew until it reached zero on January 8, 1835. However, it quickly went back up again, skyrocketing during the Civil War and Franklin Roosevelt.
Today
The debt was pegged at $3 trillion in 2000, however, due to economic downturns, the wars in Iraq and Afghanistan and financial bailouts; the public debt has soared to $14 trillion dollars for 2010. 25% of the debt is held by foreign governments, with China holding 20% of it.
The national debt is a point of debate in politics today because of the damage high debt has on the dollar and the government. It will be more difficult for the government to borrow money if the nation's debt is to high. Furthermore, the dollar is devalued as it the world's reserve currency.
Recent National Debt Questions
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How did the opinions of jefferson and hamilton regarding the public debt differ?
1 hr 15 min ago - Jefferson reduced the national debt by a third. Their conflic...
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What is the total debt of the American government?
1 hr 40 min ago - As of right now the total US national debt is $10,965,360,746...
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What effect did the increase of defense spending have on the American economy?
1 hr 55 min ago - The increase in defense spending is putting more people to wo...
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Why was the federal government determined to crush the wiskey rebellion?
3 hr 10 min ago - The name of the uprising comes from a 1791 excise tax on whis...
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How was Alexander Hamilton able to change the national debt from a weakness to a strength?
3 hr 14 min ago - Hamilton reorganized the nation's revolutionary war debt,whic...
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4 hr 29 min ago - That is the Public Debt or National Debt. It is currently at ...
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Why did FDR become concerned about the national debt?
7 hr 36 min ago - "It wasn't so much FDR that ended the depression, it was WWII...
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What resulted from Alexander Hamilton's taxes?
8 hr 26 min ago - The Whiskey Rebellion, or Whiskey Insurrection, was a tax pro...
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What impact did World War 1 have on the economy of Europe?
9 hr 50 min ago - Countries involved in the war such as France and England had ...
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What is the nation's national debt?
11 hr 20 min ago - The U.S. National Debt is currently approximately 13. 8 trill...
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How much debt has obama put us in?
11 hr 24 min ago - The national debt has increased by $3.71 billion per day sinc...
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How did the influence of radical reconstruction in the south eorode?
11 hr 31 min ago - At the end of the war, the South was a region devastated by w...
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What was the United States national debt in 2004?
14 hr 35 min ago - The year 2004 was the first time in history the U.S. National...
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What was the national debt before Obama was elected?
14 hr 38 min ago - 9,985.8 was the national debt at the end of the bush administ...
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What countries have a national debt?
14 hr 52 min ago - Brazil, Russia, Mexico, China, Indonesia, Argentina, South Ko...
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How much debt is united states in?
15 hr 27 min ago - The U.S. national debt is currently sitting around $14,402,16...
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15 hr 45 min ago - Federal government charges a tax on personal income. It pays ...
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What does Article 6 of the Constitution deals with?
15 hr 57 min ago - It deals with the validity of prior debts and engagements, su...
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How much does the White House spend everyday?
16 hr 11 min ago - The National Debt has continued to increase an average of $3....
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16 hr 29 min ago - Alexander Hamilton, a supporter of a strong National Governme...