U.S Debt Added Monday Greater than Total Debt Accumulated in Country's First 166 Years

U.S Debt Added Monday Greater than Total Debt Accumulated in Country's First 166 Years

I'm not sure where the 166 years is coming from, but on Oct 1st, the government added more than $93 billion to the debt !!!!!!

That alone is an alarm bell we need to look in to.

Oct 1st was the start of fiscal year 2013.

I know what happens the "First Day" of anything sometimes means nothing.

But I would think that the politicians would know ahead of time that somebody would make an issue out of it

On the first day of fiscal year 2013, the federal government added more debt than was accumulated between the nation’s founding and sometime in October 1942, about ten months after the Japanese attacked Pearl Harbor, a span of about 166 years.

CNS News noted the $93,245,605,914.16 added to the debt on Monday “equaled about $816 for every American household.” And “since median household earns about $138.36 per day over a 365-day year,” the median household would need to give up all of the money it earns for nearly six days to pay off its share of the debt accumulated on the first day of fiscal year 2013....

Some other "First Day" numbers.....

FY 2013:$93,245,605,914.16

FY 2012: $46,758,942,639.56

FY 2011: $49,224,554,918.30

FY 2010: $10,690,160,807.67

FY 2009: $99,500,170,215.20

FY 2008: $54,899,028,094.15

FY 2007: $41,410,211,399.05

FY 2006: $37,814,341,549.00

The "First Day" may just be the start of the race ?

reply to post by xuenchen

Ahhh, the good ol days, when our government was only spending at a rate of $37 Billion per day...



Not if but when our economic system collapses, they'll blame everything except their own debt and spending.