The federal government has increased its debt by $811,699,611,000.51—borrowing $7,057.89 per U.S. household—in the five months that have elapsed since Oct. 16, 2013.
That is the day the House Republican leadership agreed to a deal with President Barack Obama to pass legislation ending a two-week partial government shutdown. The deal funded the government into January 2014 and suspended the legal limit on the federal debt into February 2014.
As of the close of business on Oct. 16, 2013, the total debt of the U.S. government stood at $16,747,360,549,057.23, according to the U.S. Treasury. Shortly after midnight on Oct. 17, Obama signed the debt-and-spending deal, reopening the partially shut government.
By the close of business on March 18, the latest day reported, the total U.S. government debt had climbed to $17,559,060,160,057.74—up $811,699,611,000.51 since Oct. 16 debt-and-spending deal. That equals $7,057.89 for each of the 115,006,000 households that the Census Bureau estimates are now in the United States.
Read More: http://cnsnews.com/