National Debt Tops $13 Trillion For First Time
National Debt Tops $13 Trillion For First Time
June 4th, 2010
Via: CBS News:
The National Debt topped $13-trillion for the first time in U.S. history – reflecting the surge in government spending that will push the Debt to increasing highs through the rest of the decade.
Posted on the Treasury Department website this afternoon, the National Debt hit $13,050,826,460,886.97 as of June 1st.
Tallied against the nation’s Gross Domestic Product, the latest Debt number amounts to nearly 89.4 percent of the total economy.
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