Since the partial shutdown of the federal government ended in October the federal government has amassed over $7,000 in new debt per American household. This despite the fact that they have record revenue coming in.
The federal government has increased its debt by $811,699,611,000.51—borrowing $7,057.89 per U.S. household—in the five months that have elapsed since Oct. 16, 2013.
That is the day the House Republican leadership agreed to a deal with President Barack Obama to pass legislation ending a two-week partial government shutdown. The deal funded the government into January 2014 and suspended the legal limit on the federal debt into February 2014.
As of the close of business on Oct. 16, 2013, the total debt of the U.S. government stood at $16,747,360,549,057.23, according to the U.S. Treasury. Shortly after midnight on Oct. 17, Obama signed the debt-and-spending deal, reopening the partially shut government. (Read More)
Speaking of the national debt, Senator Claire McCaskill (D-MO) went on a tear against it at an event in her state. I guess she’s hoping voters forget it’s her party that increased spending to unprecedented levels. They ought to retire her.