The US National Debt has increased by $755,668,013,559 since our last update on January 2013. Another eleven months, and the United States has dropped another cool $755.7 billion in the hole.
National Debt as of 12/02/2013
That is an increase of $2.347 BILLION PER DAY since our last update 322 days ago.
BUT – FINALLY – There is SOME good news!
According to the Congressional Budget Office (CBO.gov), the United States has closed the deficit gap by more than 50-percent!
The deficit gap has been closed by several factors, including:
- Increased tax revenues from a recovering economy
- Increased tax revenues from new taxes
- Decreased expenditures – due to sequestration
You can read the CBO’s entire report HERE.
If you aren’t already, I encourage you to become an informed taxpaying citizen. You CAN make a difference in the future decisions that are made regarding the fiscal decisions your elected leaders make.