Washington’s Largest Monument: The National Debt
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.
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