Thursday, November 29, 2012

Treasury Borrowed $211.69 Per US Household on Day After Thanksgiving

US national debt clock / billboard. Picture was taken on April 19, 2008 so add approx. $1.5 billion per day to get current amount. (Photo by Jesper Rautell Balle, via Wikimedia Commons)
Terence P. Jeffrey
CNS News
November 27, 2012

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

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