(CNSNews.com) - The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury.
On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80.
The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.
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The only way to pay this debt off is to make the dollar worth a billion dollars and pay it off before the Market opens. Then, we would all be holding money that $100 bills would't buy penny candy, if there were such a thing. Weimar Republic all over again.
ReplyDeleteHang in there, folks, there's a new sheriff coming January 20th. I have good feelings about the next 8 years.