THE NATIONAL DEBT: DO YOU KNOW HOW MUCH YOU NOW OWE?

President Obama announced his 2011 Budget which is $3.834 trillion dollars with a projected deficit of $1.267 trillion or 8.3 percent of gross domestic product (GDP).   As of Feb. 7, our total national debt was $12,348,804,540,946.54 or $12.35 trillion which is larger than the economies of China, the United Kingdom and Australia combined, says Don C. Brunell, President of the Association of Washington Businesses. 

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