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Uncle Sam—AKA the federal government—went on a New Year’s Eve binge,
adding a net of $125,202,709,546.99 to its total debt in just the one
day of Dec. 31, 2013, according to the U.S. Treasury.
That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.
Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83
- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/uncle-sam-s-new-year-s-binge-borrows-1088-household-1-day#sthash.7fgJh8Kh.dpuf
Excerpt from this article:That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.
Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83
- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/uncle-sam-s-new-year-s-binge-borrows-1088-household-1-day#sthash.7fgJh8Kh.dpuf
-
Uncle Sam—AKA the federal government—went on a New Year’s Eve binge,
adding a net of $125,202,709,546.99 to its total debt in just the one
day of Dec. 31, 2013, according to the U.S. Treasury.
That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.
Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83
- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/uncle-sam-s-new-year-s-binge-borrows-1088-household-1-day#sthash.7fgJh8Kh.dpuf
That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.
Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83
- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/uncle-sam-s-new-year-s-binge-borrows-1088-household-1-day#sthash.7fgJh8Kh.dpuf
"Uncle Sam - AKA the Federal Government - went on a New Year's Eve Binge, adding a net of $125, 202,709,546,.99 to it's total debt in just one day of December 31, 2013, according to the U. S. Treasury.
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Earlier this year constitutional scholar Mark Levin said:
Mark Levin, who is also a Constitutional scholar, said recently:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Note: An Obama protester once held up a sign that read: "Nice Performance, But We're Not That Stupid!" Well, then again, maybe we are!
Recommended reading:
Treasury Forced to Issue $1 Trillion in New Debt the First 6 Weeks of Fiscal Year 2014 - cnsnews.com
Mission "Raise the Debt Limit" Accomplished: See You All Again in February! - zerohedge.com
Explaining the Obama's Economy to 6th Graders - TheBlaze.com
