By Meena Kar
Nov. 28, (THAINDIAN NEWS) People in the United States have just celebrated the Thanksgiving Day and feasted on some delicious Turkey recipes now are being alarmed by the latest reports of the US debt clock. According to the sources, the website of US Debt Clock stated that country’s debt is seemingly increasing and it can have negative impact on the economic conditions of the country which has already suffered a jolt due to recession. US citizens are already worried about the adverse economic condition of the country and the news of increasing debt has spoiled the festive mood of many people.

According to the reports of the sources, the amount of debt in the United States is growing significantly and can affect country’s economy further. Sources stated that United States owns a national debt of twelve trillion dollars, which is a huge sum. Out of this twelve trillion dollars, 7.611 trillion dollars debt is held by public and 4.398 trillion dollars debt is held by country’s government. Sources also reported, at present every citizen of the United States has a share of 39,028 dollars on the debt. If the increasing date amount is not checked now, then debt pressure on every individual will also rise upwards.

As the national debt of the United States is increasing, President Obama will have to plan some effective strategies for recovering the economic condition of the country. People expect the government to take some steps for reforming the financial state of the United States President Obama has been elected in an adverse economic condition of the country and stabilizing the country’s economy is a major challenge for the president.