Friday, January 04, 2013

Unemployment Up to 7.8%, Debt at $16,432,706,000,00,000

Despite unemployment and debt, the US government borrows $50,000/second to spend more.
Figures on government spending and debt (last six digits are eliminated [I've added the last six digits - IR]). The government's fiscal year runs Oct. 1 through Sept. 30.
Total public debt subject to limit Jan. 3 =  $16,392,475,000,000
Statutory debt limit =  $ 16,394,000,000,000
Total public debt outstanding Jan. 3 =  $16,431,219,000,000
Operating balance Jan. 3 =  $62,789,000,000
Interest fiscal year 2013 through November =  $47,959,000,000
Interest same period 2012 =  $44,001,000,000
Deficit fiscal year 2013 through November =  $292,107,000,000
Deficit same period 2012 =  $235,769,000,000
Receipts fiscal year 2013 through November =  $346,045,000,000
Receipts same period 2012 =  $315,474,000,000
Outlays fiscal year 2013 through November =  $638,152,000,000
Outlays same period 2012 =  $551,243,000,000
Gold assets in December =  $11,041,000,000

2 comments:

Always On Watch said...

And Obama wants to raise the debt ceiling and spend even more!

If American doesn't wake up very quickly, there will be no return from this road to serfdom that we are on. **sigh**

Indigo Red said...

The big disappointment is that Americans fully understand the debt limit when it's posed as a credit limit, but compare and contrast has been lost from our education so that debt limit and credit limit have no relationship in voter's minds.