Monday, January 3, 2011

US National Debt Tops $14 Trillion

The number was breached on the last day of 2010. The Treasury Department has "
The Debt to the Penny" page, and we find the following:

The National Debt on:

12/31/2010: 14,025,215,218,708.52 ($1.714 trillion in one year)

12/31/2009: 12,311,349,677,512.03 ($1.612 trillion in one year)

12/31/2008: 10,699,804,864,612.13 ($1.476 trillion in one year)

12/31/2007: 9,229,172,659,218.31 ($549 billion in one year)

12/29/2006: 8,680,224,380,086.18

In two years, the Obama administration racked up $3.326 trillion in new debt.

George the Lesser took slightly over 4 years to do the same. Before that, it took 17 years and three presidents (Bill, Papa George, Ron) to add that amount of debt. (See the chart from Sunday's post.)

At the growth rate of 6.3%, 2011's debt may be $1.822 trillion, bringing the total national debt to $15.847 trillion. The current debt limit is $14.294 trillion.

The US Treasury Department sells slightly under $200 billion notes and bonds per month.


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