National Debt Tops $15,000,000,000,000
Don’t look now, members of the “supercommittee” battling the national debt, but the amount the U.S. owes topped the $15 trillion mark Wednesday afternoon.
That’s a lot of George Washingtons, as you can see here live at USdebtclock.org.
With a week until the committee’s deadline to reach agreement on cutting $1.2 trillion to $1.5 trillion from the federal deficit over the next 10 years, the Joint Select Committee on Deficit Reduction still has no agreement to stem automatic cuts to the budget.
- It took 321 days for the debt to increase another $1,000,000,000,000. That’s actually one of the longer times in recent memory thanks in part to the spending cuts enacted as a result of the April budget deal and the
- The national debt passed the $ 13,000,000,000,000 mark on June 3, 2010. It took 212 days for an additional trillion dollars to be added to the national debt.
- Before that, it last passed a milestone number on November 17, 2009 when it hit $ 12,000,000,000,000. It took only 198 days for an additional trillion dollars to be added to the national debt.
- Since Barack Obama took the Oath of Office, the national debt has increased from $10,626,877,048,913.08 to $15,033,607,255,920.32. That’s an increase of $4,406,730,207,007.24 in 1031 days.
Happy days are here again!