U.S National Debt Hits $35 Trillion

Today, the  United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone.

Background:

The  gross national debt is currently $35 trillion. This equates to:

 $104,497 per person
 $266,275 per household
 $483,889 per child.

The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:

 $196 billion in new debt per month
 $6.4 billion in new debt per day
 $268 million in new debt per hour
 $4.5 million in new debt per minute
 $74,401 in new debt per second