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“The U.S. National Debt on 01-01-1791 was $75 million. Today, it rises by $75 million every hour or so.”

By WcP.Watchful.Eye - Posted on 09 May 2008

"Q: What is the difference between the Debt and the Deficit?

A: The National Debt is the total amount of money owed by the government; the federal budget deficit is the yearly amount by which spending exceeds revenue. Add up all the deficits (and subtract those few budget surpluses we've had) for the past 200+ years and you'll get the current National Debt.

Q: How has the National Debt grown over time?

A: The National Debt on January 1st 1791 was just $75 million dollars. Today, it rises by that amount every hour or so. "

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