U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama


Socialism is not the Answer

https://joyerickson.files.wordpress.com/2010/07/raining-money.jpg Image via joyerickson.wordpress.com

Family Security Matters

TERENCE JEFFREY

The federal government’s “debt held by the public”-as opposed to its “intragovernmental debt”-has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury.

As of the close business on Aug. 10, the “debt held by the public” was $13,987,862,462,404.79, according to the Treasury. By the close of business on Aug. 11, it had risen to $14,012,831,105,933.15. By close of business on Aug. 12, it had increased again, hitting $14,012,909,909,536.53.

When President Barack Obama was inaugurated on Jan. 20, 2009, the federal government’s debt held by the public was $6,307,310,739,681.66.

Since then, it has increased by $7,705,599,169,854.87-or 122 percent.

View original post 579 more words

Advertisements

Comments are closed.

%d bloggers like this: