The total National Debt now exceeds $17 trillion. It first crossed $16 trillion on September 28, 2012, $15 trillion on November 15, 2011, and $14 trillion on January 4, 2011. The rate of increase has slowed a bit, so the $18 trillion amount should hit about November 1, 2014.
On 10/17/2012, the total public debt was $16.193 trillion. So it increased $883 billion in one year.
Update:
The National Debt hit $8.5 trillion on 9/29/2006, so it took 7 years to double it. If current trends continue, it should hit $34 trillion about 10/1/2020.
No comments:
Post a Comment