US federal debt hits all records ever
U.S. federal debt has broken all records in the history, having exceeded $ 14 trillion mark, reported Associated Press on Sunday.
According to the agency, currently the U.S. government’s debt amounts to 14.02 trillion dollars, which means that every US citizen would owe $45,300 each when calculated on individual terms.
At the beginning of June 2010 U.S. government debt amounted to 13.051 trillion dollars. Nearly half of the current amount has been accumulated by the government over the past six years - in 2005 the debt was 7.6 trillion dollars.