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US National Debt Hits Historic $20 Trillion Mark

posted by martyb on Friday September 15 2017, @12:20PM   Printer-friendly
from the mucha-moolah dept.

DeathMonkey writes:

The U.S. national debt reached $20 trillion for the first time ever last Friday after President Trump signed a bipartisan bill temporarily raising the nation's debt limit for three months.

While at Camp David, Mr. Trump, with the stroke of his presidential pen, increased the statutory debt last Friday by approximately $318 billion, according to the Treasury Department. Before the bill's completion, the U.S. debt was sitting around $19.84 trillion.

The legislation allowed the Treasury Department to start borrowing again immediately after several months of using "extraordinary measures" to avoid a financial default. The bill passed last Thursday 80-17 in the Senate and in the House 316-90 on Friday. Around $15 billion in emergency funding for Hurricane Harvey recovery efforts was attached to the borrowing measure.

https://www.cbsnews.com/news/national-debt-hits-historic-20-trillion-mark/

[That works out to just shy of $62,000 per American. --Ed.]

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  • (Score: 2) by captain normal on Friday September 15 2017, @04:45PM (3 children)

    by captain normal (2205) on Friday September 15 2017, @04:45PM (#568534)

    Sorry, I didn't read down to your "woosh" because I was sending the same response to the first post after your OP.

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  • (Score: 3, Touché) by maxwell demon on Friday September 15 2017, @05:59PM (2 children)

    by maxwell demon (1608) on Friday September 15 2017, @05:59PM (#568585) Journal

    It's ineffective anyway because a true whoosh has to "h".

    --
    The Tao of math: The numbers you can count are not the real numbers.

    • (Score: 2) by Gaaark on Friday September 15 2017, @09:26PM

      by Gaaark (41) on Friday September 15 2017, @09:26PM (#568710) Journal

      woosh!

      :)

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      --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---

    • (Score: 0) by Anonymous Coward on Saturday September 16 2017, @04:10PM

      by Anonymous Coward on Saturday September 16 2017, @04:10PM (#569002)

      Is that what it has to do?

      I was hoping it included an H after the first W, as opposed to having a requiring to h-ing.

      I don't even know what that is. I know what F-ing is, and I'd give bitcoints for that. H-ing sounds like hping and that's not going to buy me much. Even cha-ching is more clearly relatable to this off-topic post.