Relevant:
- The US government lost nearly $1 trillion this past fiscal year. Again.
- Is fiscal austerity coming to Washington?
- Federal Debt and the Risk of a Financial Crisis
- GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt -- Not Social Welfare Programs
- Federal deficit on track for a record this fiscal year
2012-07-24 — cnsnews.com
By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.
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