United States of America, National debt

From Vototo

Version ID# 494 by 198.51.100.18
A new election started 22:53, Aug 14, 14.
In overtime voting period.
Jump to: navigation, search

Summary

The United States of America (USA or U.S.A.), commonly referred to as the United States (US or U.S.), America, and sometimes the States, is a federal republic consisting of 50 states and a federal district. The 48 contiguous states and Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean. At 3.71 million square miles (9.62 million km2) a

Details

As of April 2014, the total national debt in the United States was $18.527 trillion (106% of the GDP). In May 2014, U.S. federal government debt held by the public was approximately $12.495 trillion, or about 75% of U.S. GDP. Intra-governmental holdings stood at $5 trillion, giving a combined total debt of $17.494 trillion. By 2012, total federal debt had surpassed 100% of U.S. GDP. The U.S. has a credit rating of AA+ from Standard & Poor's, AAA from Fitch, and Aaa from Moody's.

Historically, the U.S. public debt as a share of GDP increased during wars and recessions, and subsequently declined. For example, debt held by the public as a share of GDP peaked just after World War II (113% of GDP in 1945), but then fell over the following 30 years. In recent decades, large budget deficits and the resulting increases in debt have led to concern about the long-term sustainability of the federal government's fiscal policies. However, these concerns are not universally shared.

Copyright: Attribute—Share Alike

External Links

  • WikipediaUnited StatesKey Development Forecasts for the United StatesOfficial U.S. Government Web PortalHouseSenateWhite House

Space reserved for Vototo Advertising Program

Content specific ad placement

Voicing the ONLY opinion that counts

System Design by Penpegraphy Tool+Die — Silicon Valley U.S.A.

Reserved for Vototo Advertising Program

(in planning)

Personal tools