Tags: us | debt | grows | faster | than | italy
Image: U.S. Per Person Debt To Grow 7 Times Faster Than Italy’s

U.S. Per Person Debt To Grow 7 Times Faster Than Italy’s

Wednesday, 20 Jun 2012 04:21 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Senate Budget Committee released a new chart on Wednesday that projects U.S. per person debt will increase “7 times faster” than the corresponding per person debt in cash-strapped Italy.

According to the chart, Americans carry a burden of $52,900 per person based on a combination of federal, state and local gross debt per person “in nominal U.S. dollars.”

Meanwhile, each Italian carries a debt burden of only $41,200.

In five years, the debt burden on each American is projected to grow to $67,500 compared to $43,200 for Italians.

The chart was produced by Republican staff based on the International Monetary Fund data.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Plans to Arm, Train Ukraine National Guard

Friday, 01 Aug 2014 23:20 PM

The Obama administration has notified Congress of its plans to train and arm the Ukrainian national guard next year, the . . .

House GOP Lauds Passage of 'Responsible' Border Bill

Friday, 01 Aug 2014 23:02 PM

House Republicans praised the passing of legislation that would give President Barack Obama $694 million to address the  . . .

Congress Approves $225 Million for Israeli 'Iron Dome' System

Friday, 01 Aug 2014 22:54 PM

Congress approved $225 million in emergency funding for Israel's Iron Dome missile defense system on Friday, sending t . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved