Tuesday, November 05, 2013

$409 BILLION increase in just ONE MONTH!!!! ------Federal Debt Jumped $409 Billion in October; $3,567 Per Household

Federal Debt Jumped $409 Billion in October; $3,567 Per Household | CNS News:
"The debt of the federal government, which is normally subject to a legal limit, jumped by $409 billion in the month of October, according to the U.S. Treasury.
That equals approximately $3,567 for each household in the United States, and is the second-largest one month jump in the debt in the history of the country.
...The single greatest one-month increase in the federal government's debt came in October 2008, when Congress enacted the Troubled Asset Relief Program to bail out the financial industry.
In that month, the debt subject to the legal limit climbed by about $545 billion."

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