red states rule
09-03-2011, 05:01 AM
Add this to the growing list of accomplishments of the one and only 4 year term of Obama
At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released (https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11083100.pdf) by the U.S. Treasury Department (http://www.treasurydirect.gov/NP/BPDLogin?application=np) at 4:00 p.m. yesterday.
During Obama's presidency, debt held by the public has now increased by $3.71694 trillion--or almost 59 percent from the $6.3073 trillion in debt held by the public that the government owed to its creditors on Jan. 20, 2009, when Obama was inaugurated.
Also, according to the most recent reports available from the Treasury (http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt) and the Federal Reserve (http://www.federalreserve.gov/monetarypolicy/files/monthlyclbsreport201108.pdf), approximately $6.1 trillion of that debt—or about 61 percent of it—is owned by foreign interests (led by the Chinese and the Japanese) and by the Federal Reserve.
At the close of business on Aug. 30, as reported (http://www.treasurydirect.gov/NP/BPDLogin?application=np) by the Treasury Department’s Bureau of the Public Debt, the federal government’s debt held by the public equaled $9,990,126,772,846.86. By the close of business on Aug. 31, it was $10,024,253,354,407.07.
The Treasury divides the debt of the U.S. government into two general categories: “debt held by the public (http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner)” and “intragovermental (http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner)” debt.
The “intragovernmental” debt is money the Treasury has borrowed out of government trust funds—including the Social Security trust fund—to use on federal expenses other than those the trust funds were set up to cover. This “intragovernmental” debt is money the government owes itself.
http://cnsnews.com/news/article/us-debt-held-public-tops-10t-1st-time-mo
At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released (https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11083100.pdf) by the U.S. Treasury Department (http://www.treasurydirect.gov/NP/BPDLogin?application=np) at 4:00 p.m. yesterday.
During Obama's presidency, debt held by the public has now increased by $3.71694 trillion--or almost 59 percent from the $6.3073 trillion in debt held by the public that the government owed to its creditors on Jan. 20, 2009, when Obama was inaugurated.
Also, according to the most recent reports available from the Treasury (http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt) and the Federal Reserve (http://www.federalreserve.gov/monetarypolicy/files/monthlyclbsreport201108.pdf), approximately $6.1 trillion of that debt—or about 61 percent of it—is owned by foreign interests (led by the Chinese and the Japanese) and by the Federal Reserve.
At the close of business on Aug. 30, as reported (http://www.treasurydirect.gov/NP/BPDLogin?application=np) by the Treasury Department’s Bureau of the Public Debt, the federal government’s debt held by the public equaled $9,990,126,772,846.86. By the close of business on Aug. 31, it was $10,024,253,354,407.07.
The Treasury divides the debt of the U.S. government into two general categories: “debt held by the public (http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner)” and “intragovermental (http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner)” debt.
The “intragovernmental” debt is money the Treasury has borrowed out of government trust funds—including the Social Security trust fund—to use on federal expenses other than those the trust funds were set up to cover. This “intragovernmental” debt is money the government owes itself.
http://cnsnews.com/news/article/us-debt-held-public-tops-10t-1st-time-mo