Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household In 12 Months
Fiscal 2007: $500,679,473,047.25 This is the year that Democrats begin to Control both House and Senate, it goes downhill from here…
Fiscal 2008: $1,017,071,524,650.01
Fiscal 2009: $1,885,104,106,599.26
Fiscal 2010: $1,651,794,027,380.04
Fiscal 2011: $1,228,717,297,665.36
Fiscal 2012: $1,275,901,078,828.74.
Talk about spending more than you are bringing in but obama and his administration did just that in 2012.
According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.
That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.
In fiscal 2011, the debt increased by about $10,454 per household–$401 less than the $10,855 per household increase of 2012.
The $1.2758 trillion that the debt increased in fiscal 2012 was about $47.18 billion more than the $1.2287 trillion that the debt increased in fiscal 2011. The federal fiscal year begins on Oct. 1 and ends on Sept. 30.
At the close of business on Sept. 30, 2011, the total debt of the U.S. government was $14,790,340,328,557.15, according to the Treasury. At the close of business on Sept. 28, the last business day of fiscal 2012, it was $16,066,241,407,385.89
That meant the debt increased in fiscal 2012 by $1,275,901,078,828.74.
At the close of business on Sept. 30, 2010, the debt had stood at $13,561,623,030,891.79. Over the course of fiscal 2011, it increased by $1,228,717,297,665.36 before closing at 14,790,340,328,557.15 on Sept. 30, 2011.
The fiscal 2012 increase of $1,275,901,078,828.74 exceeded the fiscal 2011 increase $1,228,717,297,665.36 by $47,183,781,163.38
The Census Bureau estimated that there were 117,538,000 household in the United States in 2010. The $1,275,901,078,828.74 that the debt increased in fiscal 2012 equaled about $10,855 for each one of those 117,538,000 households.
Here is how much the debt has increased in each of the last six fiscal years:
Fiscal 2007: $500,679,473,047.25
Fiscal 2008: $1,017,071,524,650.01
Fiscal 2009: $1,885,104,106,599.26
Fiscal 2010: $1,651,794,027,380.04
Fiscal 2011: $1,228,717,297,665.36
Fiscal 2012: $1,275,901,078,828.74.
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