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RABISLIST.COM-ONE STOP SHOP-LIST FOR ALL YOUR NEEDS |
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PLEASE CALL- 732-281-7122 / 732-423-8052 [USA] |
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INTRO |
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DREAM NATION |
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ABOUT |
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Our goal is to build The dream nations provide world class solutions to all their citizens, business, communities, governments |
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We provide world class Dream Nations providing global smart solutions for the people, business, communities, governments in association with Multiple businesses around the world |
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GROUP |
TITLE |
BUDGET-BILLIONS |
PERCENTAGE |
STATUS |
|
Management |
Executive Office of the President |
$0.1000 |
0.0017% |
Mandatory |
|
Management |
The President |
$0.1000 |
0.0017% |
Mandatory |
|
Management |
The Vice President |
$0.1000 |
0.0017% |
Mandatory |
|
Management |
The Cabinet |
$0.1000 |
0.0017% |
Mandatory |
|
Management |
Management |
$0.1000 |
0.0017% |
Mandatory |
|
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|
|
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|
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TRANSPORT |
DEPARTMENT OF TRANSPORTATION |
$21 |
0.3500% |
Discretion |
|
|
|
|
|
|
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SECURITY |
DEPARTMENT OF DEFENSE |
$842 |
14.0333% |
Discretion |
|
SECURITY |
DEPARTMENT OF HOMELAND SECURITY |
$58 |
0.9667% |
Discretion |
|
SECURITY |
DEPARTMENT OF JUSTICE |
$29 |
0.4833% |
Discretion |
|
SECURITY |
DEPARTMENT OF STATE |
$35 |
0.5833% |
Discretion |
|
SECURITY |
DEPARTMENT OF THE INTERIOR |
$13 |
0.2167% |
Discretion |
|
SECURITY |
DEPARTMENT OF VETERANS AFFAIRS |
$90 |
1.5000% |
Discretion |
|
SECURITY |
VETERANS PAYMENT |
$170 |
2.8333% |
Mandatory |
|
|
|
|
|
|
|
INFRA |
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
$40 |
0.6667% |
Discretion |
|
INFRA |
DEPARTMENT OF ENERGY |
$23 |
0.3833% |
Discretion |
|
|
|
|
|
|
|
HR |
DEPARTMENT OF EDUCATION |
$69 |
1.1433% |
Discretion |
|
HR |
DEPARTMENT OF LABOR |
$12 |
0.2000% |
Discretion |
|
|
|
|
|
|
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HEALTH |
DEPARTMENT OF HEALTH AND HUMAN SERVICES |
$700 |
11.6667% |
Discretion |
|
HEALTH |
HEALTHCARE-MEDICAID N MEDICARE |
$1,563 |
26.0500% |
Mandatory |
|
|
|
|
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|
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FOOD |
DEPARTMENT OF AGRICULTURE |
$21 |
0.3500% |
Discretion |
|
|
|
|
|
|
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FINANCE |
DEPARTMENT OF THE TREASURY |
$13 |
0.2167% |
Discretion |
|
FINANCE |
INCOME SECURITY |
$448 |
7.4667% |
Mandatory |
|
FINANCE |
MISC |
$383 |
6.3833% |
Mandatory |
|
FINANCE |
RETIREMENT |
$178 |
2.9667% |
Mandatory |
|
FINANCE |
SOCIAL SECURITY |
$1,348 |
22.4667% |
Mandatory |
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|
|
|
|
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BUSINESS |
DEPARTMENT OF COMMERCE |
$9 |
0.1483% |
Discretion |
|
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TOTAL |
$6065 |
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|
GROUP |
TITLE |
GDP-BILLION |
BUDGET |
PER CAPITA INCOME |
|
EAST-COAST |
Alabama |
$278 |
$97.30 |
$51,000 |
|
EAST-COAST |
Connecticut |
$283 |
$99.05 |
$87,300 |
|
EAST-COAST |
Delaware |
$92 |
$32.20 |
$63,243 |
|
EAST-COAST |
Florida |
$1,300 |
$455.00 |
$65,000 |
|
EAST-COAST |
Georgia |
$25 |
$8.75 |
$57,000 |
|
EAST-COAST |
Kentucky |
$280 |
$98.00 |
$52,000 |
|
EAST-COAST |
Maine |
$74 |
$25.90 |
$61,000 |
|
EAST-COAST |
Maryland |
$421 |
$147.35 |
$71,000 |
|
EAST-COAST |
Massa chutes |
$616 |
$215.60 |
$105,884 |
|
EAST-COAST |
New Hampshire |
$83 |
$29.05 |
$79,929 |
|
EAST-COAST |
New Jersey |
$811 |
$283.85 |
$86,847 |
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EAST-COAST |
New York |
$2,054 |
$718.90 |
$110,781 |
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EAST-COAST |
North Carolina |
$772 |
$270.20 |
$71,373 |
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EAST-COAST |
Pennsylvania |
$925 |
$323.75 |
$75,189 |
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EAST-COAST |
Rhode Island |
$78 |
$27.30 |
$71,122 |
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EAST-COAST |
South Carolina |
$296 |
$103.60 |
$60,550 |
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EAST-COAST |
Tennessee |
$525 |
$183.75 |
$74,081 |
|
EAST-COAST |
Vermont |
$41 |
$14.35 |
$67,006 |
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EAST-COAST |
Virginia |
$713 |
$249.55 |
$81,794 |
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EAST-COAST |
Virginia-West |
$99 |
$34.65 |
$50,000 |
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EAST-COAST |
Washington DC |
$146 |
$51.10 |
$72,000 |
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NORT-SOUTH |
Arkansas |
$149 |
$52.15 |
$57,657 |
|
NORT-SOUTH |
Dakota-North |
$54 |
$18.90 |
$95,082 |
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NORT-SOUTH |
Dakota-South |
$70 |
$24.50 |
$79,412 |
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NORT-SOUTH |
Illinois |
$1,034 |
$361.90 |
$87,033 |
|
NORT-SOUTH |
Indiana |
$495 |
$173.25 |
$73,047 |
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NORT-SOUTH |
Iowa |
$248 |
$86.80 |
$78,209 |
|
NORT-SOUTH |
Kansas |
$228 |
$79.80 |
$78,348 |
|
NORT-SOUTH |
Louisiana |
$239 |
$83.65 |
$68,507 |
|
NORT-SOUTH |
Michigan |
$645 |
$225.75 |
$66,198 |
|
NORT-SOUTH |
Minnesota |
$473 |
$165.55 |
$82,885 |
|
NORT-SOUTH |
Mississippi |
$139 |
$48.65 |
$49,911 |
|
NORT-SOUTH |
Missouri |
$390 |
$136.50 |
$68,623 |
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NORT-SOUTH |
Nebraska |
$145 |
$50.75 |
$91,553 |
|
NORT-SOUTH |
Oklahoma |
$250 |
$87.50 |
$63,390 |
|
NORT-SOUTH |
Texas |
$236 |
$82.60 |
$85,110 |
|
NORT-SOUTH |
Wisconsin |
$402 |
$140.70 |
$70,569 |
|
|
|
|
|
|
|
WEST-COAST |
Alaska |
$66 |
$23.10 |
$92,272 |
|
WEST-COAST |
Arizona |
$415 |
$145.25 |
$68,965 |
|
WEST-COAST |
California |
$4,000 |
$1,400.00 |
$100,038 |
|
WEST-COAST |
Colorado |
$429 |
$150.15 |
$89,469 |
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WEST-COAST |
Hawaii |
$87 |
$30.45 |
$75,946 |
|
WEST-COAST |
Idaho |
$110 |
$38.50 |
$60,980 |
|
WEST-COAST |
Montana |
$56 |
$19.60 |
$62,753 |
|
WEST-COAST |
Nevada |
$216 |
$75.60 |
$75,585 |
|
WEST-COAST |
New Mexico |
$130 |
$45.50 |
$62,209 |
|
WEST-COAST |
Oregon |
$312 |
$109.20 |
$75,477 |
|
WEST-COAST |
Seattle |
$463 |
$162.05 |
$138,000 |
|
WEST-COAST |
Utah |
$192 |
$67.20 |
$80,476 |
|
WEST-COAST |
Washington |
$726 |
$254.10 |
$103,462 |
|
WEST-COAST |
Wyoming |
$48 |
$16.80 |
$86,880 |
|
|
TOTAL |
$22,359 |
$7,826 |
|
|
Continent |
Nation |
Pop -Crore |
GDP-Trillions |
GDP per capita |
|
Asia |
141.7000 |
$4.10 |
$2,822.87 |
|
|
Asia |
141.2000 |
$18.00 |
$12,747.88 |
|
|
America-North |
33.1003 |
$23.00 |
$69,485.85 |
|
|
Asia |
27.3524 |
$1.20 |
$4,387.19 |
|
|
Asia |
22.0892 |
$0.35 |
$1,575.43 |
|
|
America-South |
21.2559 |
$1.60 |
$7,527.31 |
|
|
Africa |
20.6140 |
$0.44 |
$2,134.48 |
|
|
Asia |
16.4689 |
$0.42 |
$2,525.97 |
|
|
Euro-Asia |
14.5934 |
$1.70 |
$11,649.06 |
|
|
America-North |
12.8933 |
$1.27 |
$9,850.10 |
|
|
Asia |
12.6476 |
$5.00 |
$39,533.05 |
|
|
Africa |
11.4964 |
$0.11 |
$974.22 |
|
|
Asia |
10.9581 |
$0.39 |
$3,595.51 |
|
|
Asia-Africa |
10.2334 |
$0.40 |
$3,947.84 |
|
|
Asia |
9.7339 |
$0.37 |
$3,760.07 |
|
|
Africa |
8.9561 |
$0.06 |
$614.10 |
|
|
Asia |
8.4339 |
$0.82 |
$9,710.80 |
|
|
Asia |
8.3993 |
$0.36 |
$4,274.17 |
|
|
Europe |
8.3784 |
$4.26 |
$50,845.07 |
|
|
Asia |
6.9800 |
$0.51 |
$7,234.96 |
|
|
Europe |
6.7886 |
$3.31 |
$48,758.20 |
|
|
Europe |
6.5274 |
$3.00 |
$45,960.45 |
|
|
Europe |
6.0462 |
$2.10 |
$34,732.66 |
|
|
Africa |
5.9734 |
$0.07 |
$1,138.38 |
|
|
Africa |
5.9309 |
$0.42 |
$7,064.73 |
|
|
Asia |
5.4410 |
$0.07 |
$1,194.64 |
|
|
Africa |
5.3771 |
$0.11 |
$2,045.70 |
|
|
Asia |
5.1269 |
$1.80 |
$35,108.81 |
|
|
America-South |
5.0883 |
$0.32 |
$6,190.69 |
|
|
Europe |
4.6755 |
$1.42 |
$30,371.23 |
|
|
Africa |
4.5741 |
$0.04 |
$874.49 |
|
|
America-South |
4.5196 |
$0.49 |
$10,775.34 |
|
|
Africa |
4.3851 |
$0.16 |
$3,717.13 |
|
|
Africa |
4.3849 |
$0.03 |
$775.38 |
|
|
Euro-Asia |
4.3734 |
$0.20 |
$4,573.13 |
|
|
Asia |
4.0222 |
$0.21 |
$5,146.37 |
|
|
Asia |
3.8928 |
$0.02 |
$385.32 |
|
|
Europe |
3.7847 |
$0.68 |
$17,940.84 |
|
|
America-North |
3.7742 |
$2.00 |
$52,991.15 |
|
|
Africa |
3.6911 |
$0.14 |
$3,847.14 |
|
|
Asia |
3.4814 |
$0.83 |
$23,927.24 |
|
|
Asia |
3.3469 |
$0.07 |
$2,091.47 |
|
|
America-South |
3.2972 |
$0.22 |
$6,763.34 |
|
|
Africa |
3.2866 |
$0.07 |
$2,038.56 |
|
|
Asia |
3.2366 |
$0.37 |
$11,524.44 |
|
|
Africa |
3.1255 |
$0.02 |
$479.92 |
|
|
Africa |
3.1073 |
$0.08 |
$2,510.22 |
|
|
Asia |
2.9826 |
$0.02 |
$704.08 |
|
|
Asia |
2.9137 |
$0.04 |
$1,235.55 |
|
|
America-South |
2.8436 |
$0.48 |
$16,985.55 |
|
|
Africa |
2.7691 |
$0.02 |
$541.69 |
|
|
Africa |
2.6546 |
$0.05 |
$1,695.18 |
|
|
Africa |
2.6378 |
$0.07 |
$2,653.70 |
|
|
Asia |
2.5779 |
$0.03 |
$1,105.56 |
|
|
Ocenea |
2.5500 |
$1.50 |
$58,823.80 |
|
|
Africa |
2.4207 |
$0.02 |
$619.66 |
|
|
Asia |
2.1413 |
$0.09 |
$4,156.31 |
|
|
Africa |
2.0903 |
$0.02 |
$944.35 |
|
|
Africa |
2.0251 |
$0.02 |
$943.17 |
|
|
Europe |
1.9238 |
$0.28 |
$14,762.69 |
|
|
Africa |
1.9130 |
$0.01 |
$679.56 |
|
|
America-South |
1.9116 |
$0.32 |
$16,582.79 |
|
|
Europe |
1.8777 |
$0.20 |
$10,544.98 |
|
|
Asia |
1.8384 |
$0.02 |
$1,196.70 |
|
|
America-North |
1.7916 |
$0.09 |
$4,744.48 |
|
|
America-South |
1.7643 |
$0.11 |
$6,008.03 |
|
|
Asia |
1.7501 |
$0.01 |
$628.55 |
|
|
Europe |
1.7135 |
$1.00 |
$58,360.52 |
|
|
Africa |
1.6744 |
$0.03 |
$1,612.52 |
|
|
Asia |
1.6719 |
$0.03 |
$1,555.12 |
|
|
Africa |
1.6426 |
$0.01 |
$669.68 |
|
|
Africa |
1.5893 |
$0.01 |
$478.19 |
|
|
Africa |
1.4863 |
$0.03 |
$1,883.88 |
|
|
Africa |
1.3133 |
$0.02 |
$1,218.32 |
|
|
Africa |
1.2952 |
$0.01 |
$849.28 |
|
|
Africa |
1.2123 |
$0.02 |
$1,402.27 |
|
|
Africa |
1.1891 |
$0.00 |
$227.07 |
|
|
Africa |
1.1819 |
$0.00 |
$394.29 |
|
|
America-South |
1.1673 |
$0.04 |
$3,426.71 |
|
|
Europe |
1.1590 |
$0.60 |
$51,339.03 |
|
|
America-North |
1.1403 |
$0.02 |
$1,754.00 |
|
|
America-North |
1.1327 |
$0.11 |
$9,446.78 |
|
|
Africa |
1.1194 |
$0.01 |
$1,072.03 |
|
|
America-North |
1.0848 |
$0.09 |
$8,665.26 |
|
|
Europe |
1.0709 |
$0.28 |
$26,333.04 |
|
|
Europe |
1.0423 |
$0.22 |
$20,627.35 |
|
|
Asia |
1.0203 |
$0.05 |
$4,410.41 |
|
|
Europe-Africa |
1.0197 |
$0.25 |
$24,910.00 |
|
|
Euro-Asia |
1.0139 |
$0.06 |
$5,424.50 |
|
|
Europe |
1.0099 |
$0.64 |
$62,974.88 |
|
|
America-North |
0.9905 |
$0.02 |
$1,918.30 |
|
|
Asia |
0.9890 |
$0.42 |
$41,959.87 |
|
|
Europe |
0.9660 |
$0.18 |
$18,839.90 |
|
|
Asia |
0.9538 |
$0.01 |
$943.63 |
|
|
Europe |
0.9449 |
$0.07 |
$7,196.28 |
|
|
Europe |
0.9006 |
$0.48 |
$53,295.45 |
|
|
Ocenea |
0.8947 |
$0.01 |
$782.38 |
|
|
Europe |
0.8737 |
$0.06 |
$7,210.41 |
|
|
Asia |
0.8656 |
$0.49 |
$56,380.11 |
|
|
Europe |
0.8655 |
$0.80 |
$92,436.16 |
|
Africa |
0.8279 |
$0.01 |
$1,014.65 |
|
|
Africa |
0.7977 |
$0.00 |
$501.44 |
|
|
Asia |
0.7276 |
$0.02 |
$2,474.04 |
|
|
America-South |
0.7133 |
$0.04 |
$5,608.10 |
|
|
Europe |
0.6948 |
$0.08 |
$12,089.04 |
|
|
Africa |
0.6871 |
$0.04 |
$6,112.39 |
|
|
Asia |
0.6825 |
$0.02 |
$3,369.74 |
|
|
America-North |
0.6625 |
$0.01 |
$2,113.35 |
|
|
Asia |
0.6524 |
$0.01 |
$1,302.84 |
|
|
America-North |
0.6486 |
$0.03 |
$4,316.85 |
|
|
Asia |
0.6031 |
$0.05 |
$7,461.20 |
|
|
Asia |
0.5850 |
$0.40 |
$67,859.28 |
|
|
Europe |
0.5792 |
$0.40 |
$68,713.07 |
|
|
Europe |
0.5541 |
$0.30 |
$53,783.62 |
|
|
Africa |
0.5518 |
$0.06 |
$9,967.22 |
|
|
Europe |
0.5460 |
$0.12 |
$21,246.81 |
|
|
Europe |
0.5421 |
$0.48 |
$89,093.99 |
|
|
Asia |
0.5107 |
$0.09 |
$17,232.51 |
|
|
Asia |
0.5101 |
$0.02 |
$3,528.43 |
|
|
America-Central |
0.5094 |
$0.06 |
$12,563.51 |
|
|
Africa |
0.5058 |
$0.00 |
$692.02 |
|
|
Europe |
0.4938 |
$0.51 |
$102,272.56 |
|
|
Africa |
0.4830 |
$0.00 |
$517.62 |
|
|
Oceana |
0.4822 |
$0.25 |
$51,843.20 |
|
|
Africa |
0.4650 |
$0.01 |
$2,150.70 |
|
|
America |
0.4315 |
$0.06 |
$14,601.02 |
|
|
Asia |
0.4271 |
$0.11 |
$24,821.04 |
|
|
Europe |
0.4105 |
$0.07 |
$16,564.09 |
|
|
Europe |
0.4034 |
$0.01 |
$3,222.64 |
|
|
Euro-Asia |
0.3989 |
$0.02 |
$4,512.22 |
|
|
Africa |
0.3546 |
$0.00 |
$563.95 |
|
|
America-South |
0.3474 |
$0.06 |
$17,272.50 |
|
|
Europe |
0.3281 |
$0.02 |
$7,315.25 |
|
|
Asia |
0.3278 |
$0.02 |
$4,575.56 |
|
|
Asia |
0.2963 |
$0.01 |
$4,724.55 |
|
|
America-North |
0.2961 |
$0.02 |
$5,065.57 |
|
|
Asia |
0.2881 |
$0.18 |
$62,477.16 |
|
|
Europe |
0.2878 |
$0.02 |
$6,254.78 |
|
|
Europe |
0.2722 |
$0.07 |
$24,244.30 |
|
|
Africa |
0.2541 |
$0.01 |
$4,722.73 |
|
|
Africa |
0.2417 |
$0.00 |
$827.59 |
|
|
Africa |
0.2352 |
$0.02 |
$7,484.18 |
|
|
Africa |
0.2226 |
$0.02 |
$8,985.80 |
|
|
Africa |
0.2142 |
$0.00 |
$1,120.32 |
|
|
Europe |
0.2083 |
$0.01 |
$6,719.87 |
|
|
Europe |
0.2079 |
$0.06 |
$29,822.92 |
|
|
Europe |
0.1968 |
$0.00 |
$813.01 |
|
|
Europe |
0.1886 |
$0.04 |
$21,206.68 |
|
|
Asia |
0.1702 |
$0.04 |
$22,919.94 |
|
|
Africa |
0.1403 |
$0.01 |
$8,553.19 |
|
|
America-South |
0.1399 |
$0.02 |
$17,149.13 |
|
|
Europe |
0.1327 |
$0.04 |
$28,646.06 |
|
|
Asia |
0.1318 |
$0.00 |
$2,730.49 |
|
|
Africa |
0.1272 |
$0.01 |
$9,042.53 |
|
|
Asia |
0.1207 |
$0.03 |
$23,191.11 |
|
|
Africa |
0.1160 |
$0.00 |
$4,051.15 |
|
|
Africa |
0.0988 |
$0.00 |
$3,542.51 |
|
|
Ocenea |
0.0896 |
$0.00 |
$4,685.17 |
|
|
Africa |
0.0870 |
$0.00 |
$1,379.94 |
|
|
Africa |
0.0787 |
$0.01 |
$10,170.97 |
|
|
Asia |
0.0772 |
$0.00 |
$3,291.83 |
|
|
Ocenea |
0.0687 |
$0.00 |
$2,329.36 |
|
|
Europe |
0.0628 |
$0.01 |
$9,553.14 |
|
|
Europe |
0.0626 |
$0.09 |
$135,787.52 |
|
|
Africa |
0.0588 |
$0.00 |
$3,401.79 |
|
|
America-South |
0.0587 |
$0.00 |
$5,113.94 |
|
|
Oceania |
0.0549 |
$0.00 |
$736.00 |
|
|
Asia |
0.0541 |
$0.01 |
$9,249.94 |
|
|
Europe |
0.0442 |
$0.02 |
$40,766.13 |
|
|
Asia |
0.0437 |
$0.01 |
$32,001.54 |
|
|
America-North |
0.0398 |
$0.00 |
$6,287.28 |
|
|
America-North |
0.0393 |
$0.01 |
$27,972.45 |
|
|
Europe |
0.0341 |
$0.03 |
$76,192.04 |
|
|
Ocenea |
0.0307 |
$0.00 |
$3,112.54 |
|
|
America-North |
0.0287 |
$0.00 |
$15,311.00 |
|
|
Africa |
0.0219 |
$0.00 |
$2,445.71 |
|
|
Ocenea |
0.0198 |
$0.00 |
$4,248.69 |
|
|
America-North |
0.0184 |
$0.00 |
$8,713.32 |
|
|
Ocenea |
0.0119 |
$0.00 |
$1,732.96 |
|
|
America-North |
0.0113 |
$0.00 |
$10,931.10 |
|
|
America-North |
0.0111 |
$0.00 |
$8,148.55 |
|
|
Oceana |
0.0106 |
$0.00 |
$4,446.76 |
|
|
Africa |
0.0098 |
$0.00 |
$15,252.12 |
|
|
America-North |
0.0098 |
$0.00 |
$15,010.88 |
|
|
Europe |
0.0077 |
$0.00 |
$42,710.15 |
|
|
America-North |
0.0072 |
$0.00 |
$7,695.94 |
|
|
Ocenea |
0.0059 |
$0.00 |
$4,392.63 |
|
|
America-North |
0.0053 |
$0.00 |
$30,075.75 |
|
|
Europe |
0.0039 |
$0.01 |
$229,346.11 |
|
|
Europe |
0.0038 |
$0.01 |
$157,364.67 |
|
|
Europe |
0.0034 |
$0.00 |
$45,386.22 |
|
|
Oceana |
0.0018 |
$0.00 |
$11,992.93 |
|
|
Oceana |
0.0012 |
$0.00 |
$5,342.61 |
|
|
Oceana |
0.0011 |
$0.00 |
$12,287.51 |
|
|
America-North |
0.0001 |
$0.00 |
$26,217.23 |
|
NATION |
DEBT-BILLIONS |
|
Japan |
$1,104.40 |
|
China |
$859.40 |
|
United Kingdom |
$668.30 |
|
Belgium |
$331.10 |
|
Luxembourg |
$318.20 |
|
Switzerland |
$290.50 |
|
The Cayman Islands |
$285.30 |
|
Canada |
$254.10 |
|
Ireland |
$253.40 |
|
Taiwan |
$234.60 |
|
|
|
|
|
$4,599.30 |
|
The national debt ($34.58 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the nation’s history. |
|
The national debt is composed of distinct types of debt, similar to an individual whose debt may consist of a mortgage, car loan, and credit cards. The different types of debt include non-marketable or marketable securities and whether it is debt held by the public or debt held by the government itself (known as intragovernmental).
The U.S. has carried debt since its inception. Debts incurred during the American Revolutionary War amounted to $75 million, primarily borrowed from domestic investors and the French Government for war materials.
The national debt enables the federal government to pay for important programs and services for the American public.
The National Debt Explained
The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY), when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results. To pay for this deficit, the federal government borrows money by selling marketable securities such as Treasury bonds, bills, notes, floating rate notes, and Treasury inflation-protected securities (TIPS).
The national debt is the accumulation of this borrowing along with associated interest owed to the investors who purchased these securities.
As the federal government experiences reoccurring deficits, which is common, the national debt grows.
Simply put, the national debt is similar to a person using a credit card for purchases and not paying off the full balance each month. The cost of purchases exceeding the amount paid off represents a deficit, while accumulated deficits over time represents a person’s overall debt.
The U.S. Debt Clock illustrates our soaring debt by the second. As sobering as it is, it can serve as a springboard into multiple personal finance topics.
Student loan debt By the time readers are engaging with this article, our national student loan debt may have surpassed $1.7 trillion. Use this to ignite a discussion and select one of these three interactive to extend their learning.
Credit card debt American consumer credit card debt is approaching $1 trillion, and I have to wonder, is it in part because 90% of credit card Terms & Conditions require a college education to be understood? Interactives such as these and our Schumer Box fine print activity can at least help students understand their credit card statements and agreement forms.
Household debt Are you finding the math behind our increasing total household debt hard to wrap your mind around? If so, our Math Monday: Percent Change in Household Debt will help you solve the problem.
Debt Collectors Do your students wonder what happens when consumers fail to pay their debts? Our Debt Collectors Ed Puzzle has all the answers.
Bonus: Economics For those of you who teach economics, the debt clock is a treasure trove of discussion starters, and we have excellent resources to support whatever direction those conversations go. |