Decade of Debt: Federal Debt Up More Than $10 Trillion in 2010s
Tuesday, December 31, 2019 | Tag Cloud Tags: debt, News, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The federal debt increased by a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury.
This was the first decade in the history of the nation when increases in the federal debt averaged more than $1 trillion per year.
The total federal debt accumulated during the decade has equaled approximately $83,967 per household. (The Census Bureau estimates there are currently approximately 128,579,000 households in the country.) [ 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.