Feds Took On $7K Per Household In Debt Since Shutdown

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Since the partial shutdown of the federal government ended in October the federal government has amassed over $7,000 in new debt per American household. This despite the fact that they have record revenue coming in.

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CNS News has the details:

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The federal government has increased its debt by $811,699,611,000.51—borrowing $7,057.89 per U.S. household—in the five months that have elapsed since Oct. 16, 2013.

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That is the day the House Republican leadership agreed to a deal with President Barack Obama to pass legislation ending a two-week partial government shutdown. The deal funded the government into January 2014 and suspended the legal limit on the federal debt into February 2014.

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As of the close of business on Oct. 16, 2013, the total debt of the U.S. government stood at $16,747,360,549,057.23, according to the U.S. Treasury. Shortly after midnight on Oct. 17, Obama signed the debt-and-spending deal, reopening the partially shut government. (Read More)

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Speaking of the national debt, Senator Claire McCaskill (D-MO) went on a tear against it at an event in her state. I guess she’s hoping voters forget it’s her party that increased spending to unprecedented levels. They ought to retire her.

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