Terrence P. Jeffrey,CNSNews.com
The federal government accumulated approximately $1.1 trillion in new debt in the first 11 months of calendar year 2011,according to data released by the U.S. Treasury on Thursday.
At the close of business on Dec. 31,2010,the federal government’s debt equaled $14,025,215,218,708.52. At the close of business on Nov. 30,2011,it equaled $15,110,498,560,876.77.
The total increase in the debt for that 11-month period was $1,085,283,342,168.25–or approximately $1.1 trillion.
The federal debt has now increased by more than $1 trillion in each of the last four calendar years.
In calendar year 2008,it climbed from $9,229,172,659,218.31 to $10,699,804,864,612.13 for an increase of $1,470,632,205,393.82.
In calendar year 2009,it climbed from $10,699,804,864,612.13 to $12,311,349,677,512.03 for an increase of $1,611,544,812,899.90.
In calendar year 2010,it climbed from $12,311,349,677,512.03 to $14,025,215,218,708.52 for an increase of 1,713,865,541,196.49.
As noted,so far in calendar year 2011,it has increased $1,085,283,342,168.25.
Prior to 2008,the U.S. debt had never increased by a trillion dollars in any year….
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The federal government accumulated approximately $1.1 trillion in new debt in the first 11 months of calendar year 2011,according to data released by the U.S. Treasury on Thursday.
At the close of business on Dec. 31,2010,the federal government’s debt equaled $14,025,215,218,708.52. At the close of business on Nov. 30,2011,it equaled $15,110,498,560,876.77.
The total increase in the debt for that 11-month period was $1,085,283,342,168.25–or approximately $1.1 trillion.
The federal debt has now increased by more than $1 trillion in each of the last four calendar years.
In calendar year 2008,it climbed from $9,229,172,659,218.31 to $10,699,804,864,612.13 for an increase of $1,470,632,205,393.82.
In calendar year 2009,it climbed from $10,699,804,864,612.13 to $12,311,349,677,512.03 for an increase of $1,611,544,812,899.90.
In calendar year 2010,it climbed from $12,311,349,677,512.03 to $14,025,215,218,708.52 for an increase of 1,713,865,541,196.49.
As noted,so far in calendar year 2011,it has increased $1,085,283,342,168.25.
Prior to 2008,the U.S. debt had never increased by a trillion dollars in any year….
Read more.
An election for President and Commander in Chief of the Military must strive to be above reproach. Our public institutions must give the public confidence that a presidential candidate has complied with the election process that is prescribed by our Constitution and laws. It is only after a presidential candidate satisfies the rules of such a process that he/she can expect members of the public, regardless of their party affiliations, to give him/her the respect that the Office of President so much deserves.
This can't be right! It must be propaganda from those Republican rascals. Obama promised that he would cut the deficit in half by the end of his first term. He said that we can't spend as we please and postpone the consequences to the next administration and next generation. He read that off his teleprompter, so it must be true.
ReplyDeletehttp://www.youtube.com/watch?v=6jJvkkNmR_8