Friday, December 2, 2011

Public debt up $134 billion in November

On 10/31/2011, the public debt was $10.256 trillion.
On 11/30/2011, the public debt was $10.390 trillion.

To go back a month, on 9/30/2011, the public debt was $10.127 trillion, so the number increased $129 billion in October.

Intragovernmental holdings have been decreasing.  This indicates a cash-flow deficit in Social Security & Medicare, which is made up for by extra borrowing.  Yet another reason that the debt held by the public is the number to focus on.

Intragovernmental holdings apparently peaked at $4.744 trillion on 10/18/2010 and have been decreasing slowly ever since.  The current number is $4.700 trillion.

Another interesting factoid is that the total debt first exceeded $15 trillion on 11/15/2011, and it first exceeded $15.1 trillion on 11/30/2011, only 15 days later.

No comments:

Post a Comment