$44,000 trillion in debt per capita, nearly half of us are under a lot of pressure

US Treasuries break 13 trillion dollar innovation record June 2, U.S. President Barack Obama, in his speech in Pittsburg, the Republican politicians in the Bush administration during the huge deficit, and now the responsibility to the current government. President Obama criticized the Republicans for leaving him in a mess, causing a surge in short-term debt and exacerbating the long-term debt burden.　　By April this year, the US government had been running a budget deficit for 19 consecutive months. "When I came to power, we had an annual deficit of more than $1 trillion trillion and projected to be $8 trillion trillion in the next 10 years," Obama said in a speech at Pittsburg. The deficit is mainly due to two big tax cuts for the rich, and also because of an expensive prescription drug project that is worth doing without a source of income. "I find it very interesting that the people who are involved in these decisions now accuse our government of being fiscally irresponsible," he said. "Although they are now going to make the containment spending ethically, it is the same group that has turned the 237 billion dollar surplus left by President Clinton into a record $1.3 trillion trillion deficit," he said. "U.S. Treasury bonds have reached $13 trillion trillion, the highest record in U.S. history, according to figures released on the same day. That would raise public outrage over government spending.　　To avert an economic catastrophe, the U.S. government hit a huge amount of money in the past year to stimulate the economy, making the debt 13.0508 trillion dollars on June 1, or 13,050,826,460,886, 97 dollars. US Treasuries have increased by about $1.6 trillion over the past 1 years, compared with more than 1 time times in the past 10 years. U.S. Treasuries now account for nearly 90% of the year's gross domestic product. It is in this grim situation that dealing with debt has become a hot political issue in Washington, with Democrats and Republicans blaming each other for blame. Republicans still condemn Mr Obama for expanding government spending, especially on his massive health-care reform. Republican Senator Grogg said, "13 is an unlucky number, especially for our children and grandchildren, who are going to have to dig up a $ trillions of trillion deficit." "This dangerous and unsustainable level of debt cannot continue unless the country goes bankrupt," he said.　　He urged the government to slow down explosive spending and borrowing. Economists disagree about the speed with which America controls spending. Some argue that the government's quick rein in spending or higher taxes will remove a pillar that keeps America from falling into recession. But as the European debt crisis erupted, some economists warned that the United States had limited time to put an end to its fiscal woes.　　Even Mr Bernanke, a cautious Fed chairman, has warned that politically painful tax increases or spending cuts will be a necessary means to balance the budget. The US, with a per capita debt of $44,000 trillion, is "under pressure." The US is a custom-indebted country, with government debts and a 44,000-dollar debt per capita, according to a survey that nearly half of Americans are worried about debt. According to a recent survey by The Associated Press and the GfK investigation Company, 46% of the subjects said they felt debt-related pressure, whichHalf said they felt the pressure "great" or "very big". On the other hand, those who say they feel little pressure or have no pressure on the subject account for 53%. The polls are in line with last year's, but the US economy has been out of the doldrums since the onset of the financial crisis compared with last year, and unemployment has begun to improve.　　According to the survey, the average American owes a credit card debt of $3900 trillion, below last autumn's $5600 trillion and this spring's $4900 trillion.　　The survey found that women, married couples and the poor, who had a 30-44-year old family income of less than $20,000 trillion, were mainly worried about debt, with men, singles, retirees, people over 60 years old, and those with a family income of more than $100,000 trillion significantly less debt-burden. The Federal Reserve said the rate of American debt reduction was the fastest since the end of World War II, with household debt falling 1.7% per 13.5 trillion trillion last year, the first annual decline since 1945.　　The average American debt now is 44,000 dollars, including mortgages, credit cards, car loans and other consumer debt. Cutting fiscal deficits as a priority in Obama's administration President Barack Obama has called for a new committee to rein in spending to take action to confront the "hard truth" of the rising government's fiscal deficit. Obama said American leaders have traditionally been evasive and unwilling to take tough decisions on spending cuts. "Over the years, politicians in Washington have been delaying making politically difficult decisions and avoiding the hard facts about the nature of the problem," he said. "Obama spoke at the first meeting of the National Committee on Fiscal Responsibility and reform at the White House. Mr Obama this year formed a bipartisan committee to address the U.S. federal budget deficit problem. America's fiscal deficit was $1.4 trillion trillion in 2009. President Obama says the government has taken some steps to cut the deficit, including a health care reform bill and a freeze on government spending. But Mr. Obama said further action is needed. He acknowledges that some actions may not be politically popular. "This will require both parties to work together to address the widening gap between government and income, and will ask us to put politics aside and ask us to think more about our next generation than just consider the next election," he said. We have no other option on this issue. Federal Reserve Chairman Ben Bernanke told the committee that the U.S. budget deficit is on a unsustainable path.　　Federal Reserve Chairman Ben Bernanke told the committee he expects the fiscal deficit to shrink over the next few years as the economy continues to recover. But many economists expect the fiscal deficit to remain at least 4% per cent of the US economy over the next 10 years. Bernanke said tough action is needed to prevent greater damage to the economy. "Even after the economic and financial conditions are back to normal, if no further policy measures are taken, the federal deficitWords still seem to be on the road to unsustainable. Bernanke agreed with Obama that tough decisions need to be made quickly and urged the White House and Congress to devise credible plans to cut the deficit. "There are a lot of difficult trade-offs and choices in the way ahead, but if these options are postponed, it will be extremely damaging to our economy if we do not bring our national finances to a sustainable long-term trajectory," he said. ”