November 5, 2013
October Saw Near-Record Debt
Despite the government “shutdown.”
Despite the government being “shut down” for half the month of October, the federal debt increased by $409 billion – the second biggest one-month leap in history. The biggest leap was October 2008, which featured the bank bailout. According to CNS News, “At the close of business on Sept. 30, 2013, the last day of fiscal 2013, the federal debt subject to limit stood at $16,699,396,000,000. At the close of business on Oct. 31, 2013, the first month of fiscal 2014, the debt subject to limit stood at approximately $17,108,378,000,000.” Those GOP “anarchists” weren’t as successful as Democrats would have us believe.
