US Debt Basics
The United States National Debt has passed $19 Trillion. This is the smallest number!
The Total Debt in the United State is a little over $60 Trillion. This includes Household, Business, State and Local Governments, Financial Institutions, and The Federal Government.
The United States has nearly $94 Trillion in Unfunded Liabilities. This includes future Social Security payments, Medicare parts A, B and D, Federal Debt held by the public and Federal Employee & Veteran Benefits.
USDebtClock.org is one of the best websites for real-time data related to our nations debt. Please visit this site to learn more about our nations debt.
The United States National Debt has passed $19 Trillion. This is the smallest number!
The Total Debt in the United State is a little over $60 Trillion. This includes Household, Business, State and Local Governments, Financial Institutions, and The Federal Government.
The United States has nearly $94 Trillion in Unfunded Liabilities. This includes future Social Security payments, Medicare parts A, B and D, Federal Debt held by the public and Federal Employee & Veteran Benefits.
USDebtClock.org is one of the best websites for real-time data related to our nations debt. Please visit this site to learn more about our nations debt.
The Longer-Term Outlook
When CBO last issued long-term budget projections (in July 2014), it projected that, under current law, debt would exceed 100 percent of GDP 25 years from now and would continue on an upward trajectory thereafter—a trend that could not be sustained. (The 10-year projections presented here do not materially change that outlook.) Such large and growing federal debt would have serious negative consequences, including increasing federal spending for interest payments; restraining economic growth in the long term; giving policymakers less flexibility to respond to unexpected challenges; and eventually heightening the risk of a fiscal crisis.
When CBO last issued long-term budget projections (in July 2014), it projected that, under current law, debt would exceed 100 percent of GDP 25 years from now and would continue on an upward trajectory thereafter—a trend that could not be sustained. (The 10-year projections presented here do not materially change that outlook.) Such large and growing federal debt would have serious negative consequences, including increasing federal spending for interest payments; restraining economic growth in the long term; giving policymakers less flexibility to respond to unexpected challenges; and eventually heightening the risk of a fiscal crisis.
The following chart provides the growth of debt across the globe, by category, from 2000 - 2014.