Federal Government Debt Breaks $16 Trillion!

0 Posted by - September 5, 2012 - Career & Business, Economics, Money

2012 09 02T145610Z 1 AJOE88115HO00 RTROPTP 2 OZABS EGYPT FOREIGN RESERVES 20120902 300x206 Federal Government Debt Breaks $16 Trillion!The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark.

The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009.

Here’s a chart, from the Republican side of the Senate Budget Committee detailing the increase in national debt over the last dozen years:

CONTINUED at the Weekly Standard. Charts at link.

No comments