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As of May 2010, the gross federal debt is $13 trillion. That's more than $42,000 for every man, woman and child in the U.S.
As of February 2010, it was $11.9 trillion.
Of the February amount, $7.5 trillion is debt held by the public, including $769 billion held by the Federal Reserve.
$4.3 trillion is debt held by intra-governmental accounts such as payments into Social Security, Medicare and Medicaid, representing surpluses where payments into the accounts have been
larger than payments out of the accounts.
The gross federal debt represents 94.3% of GDP. CBO projects that the public portion of the debt will exceed 60% of GDP by the end of 2010.
(Information taken from Spending and Budget Initiative, Mercatus Center at George Mason University.)
As the public component of federal debt increases, it competes with private borrowers, increases interest rates, crowds out private investment, decreases job creation, and delays economic
Looking to the future, see the page "Fiscal gap" for the much higher estimate of the present value of the difference between future tax receipts and spending.
(See also "Deficit")