WOW! Federal Debt in FY 2016 Jumped $1,422,827,047,452.46--That's $12,036 Per Household

WOW!

So much for the lying done by Progressives about how Lame Duck, Spend Thrift President Barack Hussein Obama has SLASHED the "DEFICIT". As if what's on a piece of paper matters when compared with REALITY!

Federal Debt in FY 2016 Jumped $1,422,827,047,452.46--That's $12,036 Per Household

By Terence P. Jeffrey | October 3, 2016 | 4:36 PM EDT

(CNSNews.com) - In fiscal 2016, which ended on Friday, the federal debt increased $1,422,827,047,452.46, according to data released today by the U.S. Treasury.

At the close of business on Sept. 30, 2015, the last day of fiscal 2015, the federal debt was $18,150,617,666,484.33, according to the Treasury. By the close of business on Sept. 30, 2016, the last day of fiscal 2016, it had climbed to $19,573,444,713,936.79.

According to the Census Bureau’s latest estimate, there were 118,215,000 households in the United States as of June. That means that the one-year increase in the federal debt of $1,422,827,047,452.46 in fiscal 2016 equaled about $12,036 per household.

The total federal debt of $19,573,444,713,936.79 now equals about $165,575 per household.

http://www.cnsnews.com/news/article/terence-p-jeffrey/federal-debt-fy-2016-jumped-142282704745246

By golly cannot wait to the Clinton revenue generators.........watch when Clinton raises those silver spoon tax rates, and starts to cut defense spending like her husband did in the 90s when the economy boomed......after Bush and Reagan created our debt........cannot wait to have Hillary bring us the second Clinton administration.....bet on a surplus......yea.

What leads you to believe that Hillary will scale down military size and interventions?

It sure as hell can't be her record.

https://thinkprogress.org/flashback-in-2001-address-bush-said-the-national-debt-would-be-paid-off-in-ten-years-33749e88c5c#.ntvdml2jy

FLASHBACK: In 2001 Address, Bush Said The National Debt Would Be Paid Off In Ten Years

************