U.S. per capita government debt worse than Greece

Via the Washington Examiner:


According to a new analysis by the office of Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee, the United States has a higher per capita debt burden than any European country, including riot-ridden Greece.

Using the most recent data available from the International Monetary Fund, the Senate Budget Committee found that U.S. federal government debt per capita is nearly $45,000. That is almost 15 percent higher than the per capita debt burden of Greece ($38,937).

The Senate Budget Committee also notes that our debt per capita would rise to $75,000 by 2020 if President Obama’s budget became law.

Earlier last month, the U.S. government’s total out standing debt, $15,419,800,222,325, surpassed the nation’s gross domestic product ($15,294,300,000,000).

About Chuck Norton

I write about politics, education, economics, morality and philosophy.
This entry was posted in 2012 Primary, Budget, Econ, True Talking Points and tagged , , , , . Bookmark the permalink.

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