OMG, we might hit a trillion in debt in '09!?! That would be a first, er... SECOND time that has happened. Here's the last fiscal year debt as reported by the US Treasury (I don't pay any attention to the BS put out by the Administration):
From the US Treasury web:
date public debt intra-gov't holdings total public debt
---------- ------------------- ------------------ --------------------
09/28/2007 5,049,305,502,926.48 3,958,347,869,336.00 9,007,653,372,262.48
09/30/2008 5,808,691,665,403.71 4,216,033,231,508.78 10,024,724,896,912.49
1-year deficit: 1,017,071,524,650.01
Debt from October 31st to October 31st looks far worse:
date public debt intra-gov't holdings total public debt
---------- ------------------- ------------------ --------------------
10/31/2007 5,067,078,546,655.56 4,012,007,639,210.72 9,079,086,185,866.28
10/31/2008 6,302,793,747,598.97 4,271,300,715,369.26 10,574,094,462,968.23
1-year deficit: 1,495,008,277,101.95
A better question is this: Will the annual debt ever be BELOW one trillion dollars again? |
