Federal Debt Up $1.2 Trillion in FY 2019; Borrowed $9,432 Per U.S. Household
Thursday, October 17, 2019 | Tag Cloud Tags: debt, News, United States, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The federal debt increased by $1,203,343,570,253.55 in fiscal 2019, according to data released by the U.S. Treasury Department.
That equaled approximately $9,432 for each of the 127,586,000 households the Census Bureau estimated were in the United States in 2018.
In the decade that began on the first day of fiscal 2010 and ended on the last day of fiscal 2019, the federal debt increased by $10,809,572,749,922—for an average of $1,080,957,274,992.20 per year. [ Source: CNS News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.