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National Debt Hits Another Record In 169 Days

by @ 12:57 pm on March 18, 2009. Filed under Economics, Politics

According to the Treasury Department’s Debt to the Penny Calculator, the National Debt first passed the $ 10 trillion mark on September 30, 2008, after having passed the $ 9 trillion mark on September 28, 2007.

In less than half the time it took to get from $ 9 trillion to $ 10 trillion, we’ve already hit a new milestone:

The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history.

The new Treasury Department figures on the national debt were released as the non-partisan Congressional Budget Office is expected to project that the annual budget deficit will be higher than previously estimated by the White House’s Office of Management and Budget. The debt, which refers to the cumulative amount of money the government owes, hit $10.9 trillion on Friday.

The whopping number has major ramifications for President Barack Obama, who is trying to push through a raft of big-ticket bills on health care, energy, education and climate change — while also attempting to stabilize the swooning economy.

That’s $ 1 trillion in 169 days — that’s $ 5,917,159,763.31 per day, $ 246,548,323.47 per hour, $ 4,109,138.72 per minute, and $ 68,485.65 per second.

Anyone want to bet how long it will take to get to $ 12 trillion ?

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