Washington’s Largest Monument: The National Debt

March 1, 1993

Download Special Report No. 17

Special Report No. 17

Executive Summary At the end of 1992, federal, state, and local governments had accumulated total credit market debt of $3.81 trillion, representing $15,117 in additional future taxes for each person in the United States. The federal government was responsible for $2.89 trillion of this total, while state and local governments added $917 billion to the debt load.

Was this page helpful to you?

No

Thank You!

The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?

Contribute to the Tax Foundation

About the Authors


Related Research