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Show I Record Debt for L. S. As of October 31, the direct federal fed-eral debt of the V. S. stood at approximately 165 billion dollars. Broken down, that represents a debt of $1,203 for every person in the country or $5,000 per family, on the basis of four members. Interest rates have fallen to an all-time low of less than 2 per cent, however. The present debt contrasts with the one of 55 billion which existed exist-ed before the war, when the interest in-terest rate averaged ZA per cent. Following World War I, the public pub-lic debt reached 26 V4 billion dollars, dol-lars, with over 4 per cent interest. The present 165 billion dollar debt does not include over 4 billion bil-lion dollars of government guaranteed guar-anteed obligations. |