Saturday, January 3, 2015

US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

It seems like it was only yesterday when we reported that, in yet another sleight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever.  As we further noted, it also meant "that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently."
Fast forward to today when we are happy to report that according to the US Treasury, America's debt-funded spending spree, while supposedly slowing down if looking at the declining monthly budget deficit report, never actually has.
US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion
As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 with a new all time high total of $18.141 trillion in Federal debt - an increase of $136 billion in the month of December and $790 billion for all of 2014.
US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion
Source: US Treasury

No comments:

Post a Comment