Back to Posts
26 Feb

National Debt: The Ruin of Great Powers

Debt Has Always Been the Ruin of Great Powers. Is the U.S. Next?

As of January 2, 2025, the US national debt was $36.2 trillion, or $106,024 per person. This is based on a US population of people living in the US. 
Explanation
  • The US national debt is the total amount of money the US government owes. 
  • The debt per person increases as the national debt increases and the US population changes. 
  • The average interest rate on the national debt has increased since 2021, which means more money goes toward servicing the debt. 
Additional information 
  • The US national debt is 7.1 times the amount of federal revenues collected in a year.
  • The US national debt is 125% of the US’s annual economic output (GDP).
  • The US national debt is 78% more than all the consumer debt of US households combined.

Share this post

Back to Posts

Related Posts

16 Nov

The Legacy of Life Magazine: A Pioneering Force in Photojournalism

Life magazine, a name synonymous with iconic photojournalism, was founded on November 23, 1936, when publisher Henry Luce acquired... read more

21 Jun

Chaplain Emil J. Kapaun

“…among recipients of the Medal of Honor, Father Kapaun’s story is, in itself, wholly unique, wholly different. He didn’t... read more

05 Feb

Constitutional Crisis

In political science, a constitutional crisis is a problem or conflict in the function of a government that the political constitution or other fundamental... read more

20 Nov

Water Fluoridation

Fluoridation does not affect the appearance, taste or smell of drinking water.[1] Water fluoridation is the addition of fluoride to a public water supply to reduce tooth... read more

27 Nov

January 6th U.S. Capitol Insurrection

January 6th U. S. Capitol Insurrection Part of attempts to overturn the 2020 United States presidential election and domestic terrorism in the United... read more

02 Jan

Bollard

Mooring bollards, such as this one in the Hudson River, were the first type of bollard. The use of the term... read more

01 May

Jeopardy!

Jeopardy! Genre Game show Created by Merv Griffin Directed by Bob Hultgren Eleanor Tarshis Jeff Goldstein Dick Schneider Kevin McCarthy Clay Jacobsen Lucinda Owens... read more

11 Dec

Russia–Syria Relations

Russia–Syria relations Russia Syria Diplomatic mission Embassy of Russia, Damascus Embassy of Syria, Moscow Russia–Syria relations (Russian: Российско-сирийские отношения; Arabic: العلاقات الروسية السورية) are the bilateral relations between Russia... read more

27 Jan

Auschwitz Liberation 80th Anniversary

Nazi concentration and extermination camp (1940–1945) Top: Gate to Auschwitz I with its Arbeit macht frei sign (“work sets you free”) Bottom: Auschwitz II-Birkenau gatehouse. The train track,... read more

10 Apr

Cassius Clay (Muhammad Ali) Boxing Champ

Muhammad Ali Ali in 1967 Born Cassius Marcellus Clay Jr. January 17, 1942 Louisville, Kentucky, U.S. Died June 3, 2016 (aged 74) Scottsdale, Arizona, U.S. Resting place Cave Hill Cemetery, Louisville Monuments ... read more

Wishlist 0
Continue Shopping