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Politics : Mainstream Politics and Economics

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To: Wharf Rat who wrote (37266)

1/7/2013 11:19:25 PM

From: Sdgla

2 Recommendations Read Replies (1) of 85487

We have a leadership problem.

Debt ClockToday’s Federal Debt is about $16,432,705,914,000.

The amount is the gross federal debt issued by the United States Department of the Treasury since 1790. It doesn’t include state and local debt, and it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.

Federal Debt per person is about $50,361.

Projected and Recent US Federal Debt Numbers

	Gross Federal Debt	Debt Held by Public	Debt Held by Federal Reserve
FY 2013*	$17.5 trillion	$10.6 trillion	$2.1 trillion
FY 2012*	$16.4 trillion	$9.7 trillion	$1.9 trillion
FY 2011	$14.8 trillion	$8.5 trillion	$1.7 trillion
FY 2010	$13.5 trillion	$8.2 trillion	$0.8 trillion
FY 2009	$11.9 trillion	$6.8 trillion	$0.8 trillion
FY 2008	$10.0 trillion	$5.3 trillion	$0.5 trillion

“Gross Federal Debt” is the total debt owed by the United States federal government. It comprises “Debt Held by Public”, including foreign governments, debt held by federal government accounts such as IOUs owed to the Social Security trust fund, and “Debt held by Federal Reserve,” debt bought by the Federal Reserve System as part of the monetary base.

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