President Barack Obama speaking on Oct. 12, 2011. (AP Photo/Pablo Martinez Monsivais)
CNS News: Debt Increased $203 Billion in Oct.–$650 for Every Man, Woman and Child in America
(CNSNews.com) – The federal government’s debt increased by $203,368,715,583.63 in the month of October, according to the U.S. Treasury.
That equals about $650 per person for each of the 312,542,760 people the Census Bureau now estimates live in the United States.
At the end of September, the total national debt stood at $14,790,340,328,557.15, according to the Bureau of the Public Debt. By the end of October, it had risen to $14,993,709,044,140.78.
The debt increased far more this October than it did last October. Between the last day of September 2010 and the last day of October, the debt rose from $13,561,623,030,891.79 to 13,668,825,497,341.36—for an increase of $107,202,466, 449.57.
October is the first month of the federal fiscal year. If the debt were to increase by an average of $203 billion for the remaining 11 months of the year, the national debt would increase by $2.436 trillion for the year.