Post Profile






US Ends Fiscal 2016 With $1.4 Trillion Debt Increase: Third Largest In History

Submitted by Simon Black of Sovereign Man The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79. That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close. That debt growth amounts to roughly 7.5% of the entire US economy. By comparison, the Marshall Plan, which completely rebuilt Western Europe after World World II, cost $12 billion back in 1948, or roughly 4.
read more

share
See more about: United States

Related Posts


US Federal Debt Is Expanding At The Fastest Rate Since The Crisis

Business & Finance : Zero Hedge

Submitted by Simon Black via SovereignMan.com, A few days ago, the federal debt of the United States rather quietly and unceremoniously passed the $19.5 trillion mark. And while that figure may seem absolutely confounding, what’s ev...

The Great American Debt Flow

Business & Finance : Zero Hedge

By EconMatters The public debt of the United States has increased by over $500 billion each year since fiscal year (FY) 2003, and as of September, 2011, the gross debt was about $14.7 trillion, of which closed to $10 trillion was he...

Another Step Down The Long, Slow Road To IRA Nationalization

Business & Finance : Zero Hedge

Submitted by Simon Black via Sovereign Man blog, Let’s take a brief walk into financial reality for a moment. At the time of this writing, the United States government’s official debt is nearly $18.1 trillion. Now, let’s look at who...

Guest Post: Some Clear Thinking On 'The Debt'

Business & Finance : Zero Hedge

Submitted by Simon Black of Sovereign Man blog, If you haven't heard yet, the United States of America just hit $16 trillion in debt yesterday. On a gross, nominal basis, this makes the US, by far, the greatest debtor in the history...

5 Complete Lies About America's New $18 Trillion Debt Level

Business & Finance : Zero Hedge

Submitted by Simon Black via Sovereign Man blog, On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt. At that point, it had taken the country 74,984 days (more than 205 y...

Comments


Copyright © 2016 Regator, LLC