Another Way to Think About These Numbers

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Another Way to Think About These Numbers

• As of the End of FY 03

• Debt held by the public—$3.9T

• Trust fund debt—$2.9T

• Gross debt—$6.8T

• Gross debt per person—about $24,000

• If we add everything on the previous slide that is not included in gross debt, the burden per person rises to well over $100,000. Alternatively, it amounts to a total unfunded burden of about $30 trillion in current dollars, which is about 12 times the current annual federal budget or more than 2 ½ times the current annual GDP.