Remember President Barack Hussein Obama saying that Raising the Debt Ceiling did NOT mean more DEBT? It is like the damn burst!
U.S. debt jumps a record $328 billion — tops $17 trillion for first time
U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.
The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.
The $328 billion increase shattered the previous high of $238 billion set two years ago.
The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
Read more: http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/#ixzz2i74G5eU6
http://www.washingtontimes.com/multimedia/image/debtchartjpg/
http://www.usdebtclock.org/index.html
U.S. debt jumps a record $328 billion — tops $17 trillion for first time
U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.
The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.
The $328 billion increase shattered the previous high of $238 billion set two years ago.
The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
Read more: http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/#ixzz2i74G5eU6
http://www.washingtontimes.com/multimedia/image/debtchartjpg/
http://www.usdebtclock.org/index.html