Money For Nothing – U.S. Debt Tops $14.3 Trillion for First Time

The national debt has passed another historical milestone, topping $14.3 trillion for the first time ever, according to data released by the U.S. Treasury late Monday afternoon. ...
Look at the amount on the debt clock on this photo form a year ago, and see how many more trillions in debt we've acquired under Obama
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(CNSNews.com) – The national debt has passed another historical milestone, topping $14.3 trillion for the first time ever, according to data released by the U.S. Treasury late Monday afternoon.

Look at the amount on the debt clock on this photo from a year ago, and see how many more trillions in debt we've acquired under Obama

When the Treasury opened for business on Friday, April 15, according to the Treasury’s Bureau of the Public Debt, the national debt stood at $14.27 trillion ($14,270,792,119,184.89). By the close of business Friday, the debt had climbed to $14.31 trillion ($14,305,336,580,992.11), an increase of $34.54 billion ($34,544,461,807.22).

Friday’s $34.54-billion jump in the national debt almost equaled the $38.5 billion the Republican House leadership said would be cut from spending for the remainder of this fiscal year by the continuing resolution that the Congress passed on Thursday and President Obama signed Friday. The federal government is now perilously close to hitting its legal limit on debt. source – CNS News

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