U.S. National Debt
... National Debt
According to the article, Treasury Direct 2012 the size of the U.S National debt as per August 31st 2012 stands at $16,394,000. Debt held by the public amount to 11,272,626, and the Intergovernmental holdings amounts to 4,743,144, which totals to 16,015,770. The Total Public Debt subject to limit soared to 15,976,711 while the Statutory Debt Limit amounted to 16,394,000.
The debt is rising at a high rate since the amount seems to increase gradually every month. In July 2012, the total Public Outstanding Debt amounted to 15,933,235, which increased to 16,015,770 in August. Still, the Total Public Debt subject to limit totalled to 15,894,576 and Statutory Debt Limit was recorded as 16,3...