Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household in Just 12 Months; Beats 2011

Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household in Just 12 Months; Beats 2011

Well I see the trend continues....

I wonder how much higher it would have been if Democrats controlled the House.

Now what happens next ?

How does the train stop when the brakes fail ?

(CNSNews.com) - According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.

That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.

The total debt of the United States now equals approximately $136,690 per household.

In fiscal 2011, the debt increased by about $10,454 per household--$401 less than the $10,855 per household increase of 2012.....

Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household in Just 12 Months; Beats 2011

The national debt now is at $16.075 Trillion !!

see how much YOU owe
Debt Clocks - timebombs