On January 1, 1816, public debt of the United States first exceeded $100 million (it was actually $127,334,933.74).
On July 1, 1862, public debt of the United States first exceeded $500 million (it was actually $524,176,412.13).
On July 1, 1863, public debt of the United States first exceeded $1 billion (it was actually $1,119,772,138.63).
Question: Based on the above data, what would you predict to be the public debt of the United States today? Justify.
Note: If you want to check out the actual value "at this instant," consult the
National Debt Clock
.
