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Politics : PRESIDENT GEORGE W. BUSH
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To: Jamey who wrote (749712)9/20/2006 8:50:49 PM
From: Stan  Read Replies (2) of 769670
 
Isolated numbers appear larger (or smaller) than they really are. Half of that 8 trillion includes intra-government debt, such as what is owed to Social Security or to civil pensions. The rest is public debt. Household net worth is over 50 trillion. That makes the national debt either 17% or 8 1/2% of net worth (approximately), depending on your preference.
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