Friday, July 12, 2013

Check out the National Debt for the last few months

Here's a quickie chart of the National Debt, from about Jan 1, 2012 to the present. Numbers are in $trillions. Data is from http://www.treasurydirect.gov/NP/debt/current .

On Jan. 1, 2012, the Debt was a little more than $15.2 trillion. Now it's a little more than $16.7 trillion. The National Debt is constantly rising, and has been doing that year after year, for as long as I can remember.

But look what's happened since about April 1, 2013. Do my eyes deceive me? Or has the Debt actually gone DOWN very slightly in the last three months?

Why?

Usually this only happens when the TEA party Republicans dig in their heels and resist the latest attempts to increase the Debt Limit, so borrowing stops for a while and this line goes flat, until they cave and Congress borrows enough (usually in just one day) to blow away all the savings.

Is something like that happening now?

What's going on? Sequester? Congress that is seeing the light and realizing we can't keep borrowing more and more?

Source: http://www.debatepolicy.com/showthread.php?41758-Check-out-the-National-Debt-for-the-last-few-months&goto=newpost

mark zuckerberg maurice jones drew Yash Chopra George McGovern braxton miller braxton miller Whitney Heichel

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