The Public Debt To the Penny
Current
08/21/1998 $5,535,171,573,451.29
Prior Months 07/31/1998 $5,527,738,221,101.41
06/30/1998 $5,547,934,743,559.81
05/29/1998 $5,506,355,797,435.19
04/30/1998 $5,499,894,559,513.94
03/31/1998 $5,542,425,768,605.91
02/27/1998 $5,520,668,318,465.51
01/30/1998 $5,490,064,235,079.64
12/31/1997 $5,502,388,012,375.95
11/28/1997 $5,462,621,557,837.57
10/31/1997 $5,427,225,185,059.66
09/30/1997 $5,413,146,011,397.34
08/29/1997 $5,404,420,294,885.51
Prior Fiscal Years 09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
publicdebt.treas.gov
Projection for 1998:
federalbudget.com
And there is a number of other interesting links.
Understanding the Deficit and how it compares to the National Debt.
Suppose you need some extra money this month. The extra money you need would be called your "budget deficit". So you get a loan. The amount you then owe is called your debt. And you have to pay interest on your debt. If next month you don't have enough money (another budget deficit), you must borrow some more, and you'll still have to pay the interest on the loan. If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don't have any money left over for anything else. This situation is known as bankruptcy.
Now, as they say in higher circles......
Never mind that shit !! Here comes "Mongo" !!! (Social Security and other unfunded liabilities....)
The above is the stuff for children, "Mongo" is the real monster.... |
