'U.S. Per Person Debt Now 35 Percent Higher than that of Greece'
IMF calculates these figures based on total government debt, which is federal, state, and local government debt. IMF does not include intragovenmental debt, which is debt issued and owned by the federal government. However, Treasury data shows U.S. gross federal debt, including intragovernmental debt but excluding state and local debt, at $16.2 trillion, meaning that U.S. per person gross federal debt exceeds total Greek debt by an even wider margin (as well as that of every other Eurozone nation). Under the President’s budget, gross federal debt will rise to $25.4 trillion by 2022, according to White House projections. Meanwhile, Senate Democrats have refused to present any budget plan for consideration at all, skirting federal law.