The US national debt has hit $35 trillion
The US national debt has hit $35 trillion.
Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone:
Chairman Arrington's Statement:
Background:
The gross national debt is currently $35 trillion. This equates to:
- $104,497 per person
- $266,275 per household
- $483,889 per child
The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:
- $196 billion in new debt per month
- $6.4 billion in new debt per day
- $268 million in new debt per hour
- $4.5 million in new debt per minute
- $74,401 in new debt per second