(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
Tuesday, July 13, 2010
NATIONAL DEBT WENT UP BY $166B IN ONE DAY LAST WEEK
Did you see this? According to the following article in the Washington Times our debt increased in one day more than the entire 2007 debt.
(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
