Federal Debt Jumped $409 Billion in October; $3,567 Per Household
The debt of the federal government, which is normally subject to a legal limit, jumped by $409 billion in the month of October, according to the U.S. Treasury.
That equals approximately $3,567 for each household in the United States, and is the second-largest one month jump in the debt in the history of the country.
In the continuing resolution deal sealed by President Barack Obama and the Republican congressional leadership last month, the legal limit on the federal debt was suspended until February 7 of next year....
they've printed trillions upon trillions and given to private investors through the FED, which are private investors, I've always looked at it as the final clearing out of the petrocurrency, but who knows? at elections, Bush, McCAin and Obama sat and said they were being bipartisan as the first of the bailouts began. and it hasn't stopped since. now they keep the printing presses going.
Here's one big reason why there was a big jump in debt:
In the continuing resolution deal sealed by President Barack Obama and the Republican congressional leadership in mid-October, the legal limit on the federal debt was suspended until February 7 of next year.