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At it stands, debt is nearly equal to the projected U.S. gross domestic product for 2011, which the Obama administration said in its February budget would reach $15.079 trillion.

The government’s debt figure is made up of two calculations: debt held by the public, which reached $10.314 trillion, and intragovernmental holdings, which is money the government borrows from accounts like the Social Security Trust Fund, which stood at $4.719 trillion.