The Outstanding Public Debt as of 04 Oct 2008 at 10:53:57 PM GMT is:
$10,155,032,878,962.91
The estimated population of the United States is 304,848,581
so each citizen's share of this debt is $33,311.73.
The National Debt has continued to increase an average of
$3.08 billion per day since September 28, 2007!
There were no fireworks so a lot of people probably missed it. We even forgot to mention it here on The Swamp when it happened though we saw the reports. Anyway, on the last day of September, the national debt hit $10 trillion plus.
President Bush signed legislation in July that raised the debt ceiling to $10.615 trillion. Meanwhile, the financial bailout legislation passed by the Senate last night would raise the debt ceiling further to $11.315 trillion.
Here's something else worth knowing. The gross national debt as a percentage of the gross domestic product has, under the Bush Administration, hit a 50-year high. The following two charts illustrate the trend nicely.
Source
Debt Clock
