$15T Federal Debt Equals $160,545 for Each Full-Time Private-Sector American Worker

November 16, 2011 - 11:24 PM
John Boehner

House Speaker John Boehner and President Barack Obama (AP Photo/Charles Dharapak)

(CNSNews.com) - The U.S. Treasury Department reported on Wednesday that as of the close of business on Tuesday the federal government's debt had exceeded $15 trillion for the first time in the nation's history--hitting precisely $15,033,607,255,920.32.

The Bureau of Labor Statistics estimated that there were 93,641,000 full-time private sector workers in the United States in 2010 (and 18,073,000 full-time workers in federal, state and local government). That means the $15.0336 trillion federal debt equals approximately 160,545 per full-time private sector worker.

Given that the Census Bureau estimates there were approximately 76,089,045 families in the United States in 2010, the federal debt equals approximately $197,579 for each American family.