Friday, November 27, 2020

Tag: Federal Government Runs Up Sixth-Largest Single-Year Debt Increase in US History

Federal Government Runs Up Sixth-Largest Single-Year Debt Increase in US History

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by Peter Schiff, Schiff Gold:

Sept. 30 marked the end of the federal government’s 2018 budget year. According to data released by the US Treasury Department, the federal debt grew by nearly $1.3 trillion in fiscal 2018 – $1,271,158,167,126.72 to be exact. It was the sixth-largest fiscal-year debt increase in the history of the United States.

So much for that Republican Party fiscal responsibility.

The total federal debt currently stands at $21.5 trillion.