National Debt

National Debt:

National Debt is money that a country owes to foreigners.

Trade Deficit:

a negative balance of trade is known as a trade deficit or, informally, a trade gap.

A trade deficit is a calculation of the difference between the goods and services Americans sell to foreigners and the goods and services that Americans purchase from foreigners. A trade deficit with one country or in one year is not necessarily worrisome, and according to standard economic theory, will correct itself over time. But the theory has been proved wrong over the last 30 years as the United States has run consistent and increasing trade deficits. The enormous size of the trade deficits over the last several years raises the possibility of a severe international economic crisis should foreigners begin to dump the dollars they hold in world currency markets. The trade deficit is calculated on an annual basis, so the number above was $0.00 on January 1st, 2008.

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 26 Mar 2008 at 01:54:17 PM GMT is: 9,403,234,932,855
The estimated population of the United States is 303,692,909so each citizen's share of this debt is $30,947.19.
The National Debt has continued to increase an average of$1.64 billion per day since September 29, 2006!

U.S. Trade Deficit.

$165,897,071,465.3

I think the National Debt is hurting the most the US. The National Debt has been increasing an average of $1.64 billion per day since September 2006. Each citizens must pay around $30,947.19 to pay off all the debt. i think that is a lot of money .

The trade deficit is another story. When we (mostly the private sector) import more than we export, we run a trade deficit. When that happens, it adds to our foreign debt.

http://www.americaneconomicalert.org/ticker_home.asp

http://www.brillig.com/debt_clock/