US Debt 163rd worst out of of 163 nations. China #1

There is something horribly wrong with this!

Our Current Advertised National Debt: is $8.82 Trillion dollars or $29,226 per US citizen. This debt increases at a rate $1.39 billion dollars each day.

The current US account balance is ranked worst 163rd out of 163 nations with -$862.3 billion dollars. The next worst is Spain with just -$98.6 billion dollars. China's account balance ranks 1st place with +$179.1 billion dollars.
Source: www.cia.gov...

%44 of US debt is held by foreign nations.
Source: en.wikipedia.org...

Imagine the US debt as a credit card. The interest alone is $318 billion dollars per year. That means our government needs a $318 billion dollar profit annually each year just to hold the national debt at its current level!
Source: en.wikipedia.org...



[edit on (5/14/07) by AllSeeingI]

this is what happens when we bank

when we play with money that dosn't even exist

none of this money is sitting anywhere its just numbers being typed into a computer, the USA will never be able to pay this debt back but whose going to stop them? a big computer virus maybe

this interesting tho, i did know USA was in debt but i didnt realize it was this BAD. I had also heard China was number one, what are they doing right?

[edit on 14-5-2007 by biotic]