Debt Jumps More Than $1T for 5th Straight Fiscal Year

July 24, 2012 04:46

Prior to fiscal 2008, the federal government had never increased its debt by as much as $1 trillion in a single fiscal year. –


By Terence P. Jeffrey at

From fiscal 2008 onward, however, the federal government has increased its debt by at least $1 trillion each and every fiscal year.



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