Uncle Sam’s New Year’s Binge: Borrows $1,088 Per Household in 1 Day
January 3, 2014 - 4:48 PM
By Terence P. Jeffrey
(CNSNews.com) - Uncle Sam—AKA the federal government—went on a New Year’s Eve binge, adding a net of $125,202,709,546.99 to its total debt in just the one day of Dec. 31, 2013, according to the U.S. Treasury.
That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.
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Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83
That equals $5,336 for each household in the country
At the close of business on Dec. 30, 2013, the total debt of the federal government was $17,226,768,075,403.16.
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