Debt Jumps $212 Billion in August
CVN Choices
09-01-2010
In August, the U.S. debt increased by a total of $212 billion.
The so called Debt Owed to the Public increased by
$225 billion. For the fiscal year, which began October 1st,
the total debt is up over $1.5 trillion while the `public`
debt is up a little less than $1.4 trillion.
If the debt increases at the same rate in September as
it did in August, the total for the fiscal year will
be over $1.7 trillion.
This is $300 billion higher than current estimates
of the `official` deficit for the year.
|
