U.S. National Debt Update – December 2013

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

$17,205,406,679,181

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!

CBOFiscalGov2013

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.

One Response to “U.S. National Debt Update – December 2013”

  1. RobS December 3, 2013 at 3:23 pm #

    Can you imagine if a balanced budget effort forced spending and taxes to reconcile themselves? I don’t think we have politicians that could manage it. Imagine they would not be able to engage in ridiculous spending to buy votes… nor could they keep taxes artificially low to buy votes…

    The chaos of not being able to buy votes with tax dollars would likely see many of them replaced.

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