AMERICA'S TOTAL DEBT
(as of Dec 2002 and Mar 1992)

Dec 2002
(Trillions)
Mar 1992
(Trillions)

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  • FEDERAL DEBT:
  • Federal Public Debt (Bureau of Public Debt) $3.6 $2.8
    Trust Fund - Social Security (Soc Sec Trust) $1.4 $0.3
    Trust Fund - Other Inter-Gov (Bur Public Debt) $1.3 $0.7

    ------ ------

    $6.3 $3.8
  • State & Municipal Debt ( Federal Reserve Data)
  • $1.4 $1.1

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    Government Sector Debt

    $7.7 $4.9
  • PRIVATE SECTOR DEBT:
  • Household Debt (Federal Reserve) $8.4 $3.8
    Other Consumer Debt (non-financial) (Federal Reserve) $2.3 $1.2
    Financial Sector-GSE-Fan Mae,Fred Mac) (Fed) $2.3 $0.4
    Financial Sector - Fed related mort pools (Federal Reserve) $3.1 $1.1
    Corporate Debt (non-fin) (Federal Reserve) $4.9 $2.5
    Financial Sector Debt (other) (Federal Reserve) $4.9 $1.3
    Other Private Sector Debt (Federal Reserve) $0.8 $0.3

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    Private Sector Debt

    $26.7 $10.6

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    Total Debt

    $34.4 trillion** $15.5

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    ** Over the past 10 year period, total debt has increased by over 120%, while Gross Domestic Product has increased by only 45%.




  • The rate of debt growth currently exceeds the rate of GDP growth by 6%. Therefore, at a GDP growth rate of 3% per year, we can expect the Total Debt to DOUBLE again in 11 years!