Public opinion surveys show that rich and poor share similar viewpoints on how the government should spend its money.
The U.S. National Debt crossed the $13 trillion mark this week (May 26, 2010). That's $42,031 for every man, woman and child.
There are about 309 million people in the United States. But since most children don't pay taxes, the debt to each taxpayer is actually $117,995. Among other staggering stats at this snapshot in time (the U.S. Debt Clock is literally changing as you read this):
- Total interest due: $1.9 trillion ($6165 per citizen).
- Biggest budget item (Medicare/Medicaid): $773.9 billion and rising.
- Number of people unemployed: 26,855,088 (actual), or 14,488,173 (official).
- Federal employees: 4,258,144
- Retirees: 37,843,989
- Home foreclosures so far in 2010: 866,339
The U.S. Debt Clock is run by a non-partisan, non-profit, non-governmental organization using government data.