The national debt has now surpassed $7 trillion in intragovernmental debt $34 TRILLION $27 trillion in debt held by the public
$34 TRILLION AMOUNTS TO
IF EVERY US HOUSEHOLD CONTRIBUTED $1,000/MONTH $259,000 per household toward paying down the national debt it would take about or
22 years. $101,000 per person in America.
T he nation’s debt is now an existential threat, totaling $34 trillion, with an additional $20 trillion expected by 2034. Annual interest is a trillion dollars—more than defense spending, 200 times more than border spending. By 2034, our debt will be 116 percent of GDP. No nation
has ever carried that kind of government-driven debt and escaped calamity—default, hyperinfla- tion, internal instability. How then do we avoid those calamities—and get safely home? . . .
Read the full article by Robert B. Charles on AMAC’s website by scanning the QR code or visiting amac.us/trillion.
18 • AMAC Magazine
Infographic source: Peter G. Peterson Foundation
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