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October 07, 2005

The National Debt

From Calculated Risk:

Calculated Risk: Fiscal 2005: National Debt Increases $553.7 Billion : The US Treasury Department reports that the US National Debt [including debt held by the Social Security Trust Fund and by other government agencies] increased $553.7 Billion in fiscal 200.... The total National Debt is now $7,932,709,661,723.50.... The initial estimates for fiscal 2006 are for a new record of approximately $650 Billion in new debt....

Posted by DeLong at October 7, 2005 01:10 PM