On the recordNovember 8, 2005
Let us lay this out real quick before my colleague puts the cherry on top. So we have $17,500 in student loan debt and $3,000 in credit card debt. Run that out 20-some years. A child born today owes $27,000 to the debt that we have in the United States of America, the $8 trillion. Every citizen owes $27,000.
Source
govinfo.gov




