Question #1 Q. What is the current amount of the national debt? A. While the national debt continues to rise, the current national debt is: $15.2 Trillion U.S. National Debt Clock : Real Time Question #2 Q. How much US household wealth was lost in the 2008 financial meltdown? A. $14 Trillion So, the gov't engaged in a massive bailout of the financial industry AFTER it tanked the economy, and consumers took it in the shorts. Consequently, I contend that if you want to be angry with gov't. you're anger is misplaced if you're anger is directed at "deficit spending." You should be angry at the gov't deregulation of the banks (allowing investment banks and commercial banks to merge) which was pushed by BOTH political parties, as well as the gov't allowing derivatives to be traded in an unregulated fashion. Again, that was supported by both political parties.