At the end of June 2016, the gross U.S. federal government national debt was estimated to be about $19.3 trillion. According to the U.S. Federal Budget Office, the accounting year that ended on June 30th was the first time the U.S. national debt ever exceeded $19 trillion. This was more than $58,000 for each person that lived in the United States (including children).

The main culprit behind rising deficits and the national debt as of June 2016 was growing federal spending, especially among Social Security, Medicare, Medicaid, and Obamacare. Accordingly, by the end of 2016, the combined total debt for federal, state, and local governments in the U.S. will be an amount that is expected to be over $22.4 trillion.

Thus, experts now say that America must truly work to limit and lower its great national debt.

More Info: www.usgovernmentdebt.us