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« BLOOMBERG: Black Friday Sales Numbers Are Meaningless | Main | SAC's Matthew Martoma Appears In Federal Court »
Wednesday
Nov282012

DEBT PARTY USA - 5 Straight Years Of $1 Trillion Deficits!

Debt Party USA - $17 Trillion Now in Sight

The finals numbers for fiscal 2012 have been reported.

(CNSNews.com) - By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.

Prior to fiscal 2008, the federal government had never increased its debt by as much as $1 trillion in a single fiscal year.  From fiscal 2008 onward, however, the federal government has increased its debt by at least $1 trillion each and every fiscal year.

The federal fiscal year begins on Oct. 1 and ends on Sept. 30. At the close of business on Sept. 30, 2011—the last day of fiscal 2011—the total debt of the federal government was $14,790,340,328,557.15. By June 29, the last business day of the third quarter of fiscal 2012, that debt had grown to $15,856,367,214,324.44—an increase for this fiscal year of $1,066,026,885,767.29.

In the fourth quarter of fiscal 2012, the federal debt has continued to accumulate, hitting $15,874,365,457,260.40 at the close of business on Thursday, July 19—marking a total increase so far in fiscal 2012 of $1,084,025,128,703.25.

In fiscal 2007, according to the U.S. Treasury, the federal government’s debt increased $500,679,473,047.25. But that marked the last fiscal year in which the federal government's debt did not increase by at least $1 trillion.

Continue reading...

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The next generation speaks about the national debt:

Sam says it's not his friggin' debt.

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Six-year Old Cody understands the generational debt issues which he demonstrates with righteous anger.

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This young lady is not happy about the national debt.

Further reading:

 

 

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Reader Comments (10)

David Stockman: "The Two Parties Are In A Race To The Fiscal Bottom To See Which One Can Bury Our Children And Grandchildren Deeper In Debt"

http://dailybail.com/home/david-stockman-the-two-parties-are-in-a-race-to-the-fiscal-b.html
Jul 24, 2012 at 7:33 PM | Registered CommenterDailyBail
Hey Kids, Wake Up To The Deficit -- It’s Time For Young Americans To Fight Back (By 14 Year-Old Lyda Loudon)

http://dailybail.com/home/hey-kids-wake-up-to-the-deficit-its-time-for-young-americans.html
Jul 24, 2012 at 7:34 PM | Registered CommenterDailyBail
HERE IS A TIMELY WAY TO FIGHT BACK - RIGHT NOW!

CONTACT YOUR REPRESENTATIVE!

Congressman Ron Paul's H.R. 459, the Federal Reserve Transparency Act, could come up for a vote at any time! (7/25/2012)

http://www.chooseliberty.org/audit_vote.aspx?pid=s185
Jul 25, 2012 at 1:01 AM | Unregistered CommenterAnon
Change In Mark-To-Market Accounting Saves Taxpayers $250 Billion

http://dailybail.com/home/change-in-mark-to-market-accounting-saves-taxpayers-250-bill.html
Jul 25, 2012 at 4:32 AM | Registered CommenterDailyBail
Wimpy: " I'll gladly pay you Tuesday for a hamburger today"
Jul 27, 2012 at 6:15 PM | Unregistered CommenterTR
This guy is right on!!!!

British MEP speaks out!
This took place in the European Parliament.
MEP stands for Minister of the European Parliament.
Absolutely brilliant piece of oratory by a relatively unknown MEP Godfrey Bloom.
Don’t stop listening when he sits down. The best bit is at the end!
 
http://sorisomail.com/email/238743/o-politico-que-representa-realmente-a-populacao.html <http://sorisomail.com/email/238743/o-politico-que-re
Jul 30, 2012 at 5:21 PM | Unregistered CommenterSagebrush
Are fiat currencies headed for a collapse?

http://www.moneycontrol.com/news/features/are-fiat-currencies-headed-forcollapse_737206.html

The kids can thank the politicians & their parents who voted for those willing to give handouts
Jul 30, 2012 at 5:49 PM | Unregistered CommenterLiberatedCitizen
LC, great work on twitter too! Yes, you are right about who votes...

http://www.zerohedge.com/news/who-jamie-dimon

That one floored me.
Jul 30, 2012 at 7:02 PM | Unregistered Commenterjohn
WAKE UP AMERICA!!!

4 MORE YEARS OF NO VOTE ON A BUDGET (WHICH CONGRESS IS SUPPOSE TO DO YEARLY) & RECKLESS BUREAUCRATIC SPENDING WILL DECIMATE THIS NATION!

OBAMA IS A SOCIALIST DICTATOR THAT HAS DONE NOTHING GOOD FOR WE THE PEOPLE EXCEPT EXPOSE THIS OLIGARCHY FOR WHAT IT IS. HE LIES & TELLS WE THE PEOPLE WHAT HE THINKS WE WANT TO HEAR, HOWEVER HIS ACTIONS SPEAK LOUDER THAN HIS WORDS EVER COULD. THIS TYRANT HAS ALREADY SOLD US INTO SLAVERY TO THE OLIGARCHS! FORCED SUBMISSION IS SOON COMING TO A TOWN NEAR YOU!

IMPEACH THIS SOCIALIST DICK-TATOR ALREADY BEFORE IT IS TOO LATE & THE FUTURE GENERATIONS REALLY SUFFER!
Aug 20, 2012 at 5:44 PM | Unregistered CommenterWE THE PEOPLE

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