Uncle Sam’s New Year’s Binge: Borrows $1,088 Per Household in 1 Day

(CNSNews.com) - Uncle Sam—AKA the federal government—went on a New Year’s Eve binge, adding a net of $125,202,709,546.99 to its total debt in just the one day of Dec. 31, 2013, according to the U.S. Treasury. 

That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States. 

Overall, in the first quarter of fiscal 2014, which ended on Dec. 31, the total debt of the federal government jumped $613,787,258,252.83 -that equals $5,336 for each household in the country.  More