U.S. per capita debt is larger than that of Europe’s most financially distressed countries, including Greece, a new analysis reveals.
U.S. debt per capita is nearly $45,000, approximately 15 percent higher than that of Greece ($38,937), and more than double that of Portugal ($19,989).
Republican analysts on the Senate Budget Committee calculated the figures using the most recent data available from the International Monetary Fund.
Under President Obama’s fiscal year 2013 budget, U.S. debt per capita is projected to reach $75,000.
As the Free Beacon noted on Wednesday, Americans born today will owe more than $1.5 million to pay off the national debt, which is currently about $16 trillion, and growing.