Nonsequitur: Federal Debt Grew $1.42 Trillion Last Fiscal Year
October 4, 2016
At the close of Fiscal 2016 (Oct.1 – Sept. 30), the national debt had reached $19.57 trillion. That is up $1.42 trillion since the previous fiscal year ended. (When President Obama took office, the national debt stood at $10.6 trillion. By the time he leaves office, he will have doubled the national debt by adding $10 trillion of fiscal liabilities.) Click the graphic above for more details on the federal FY 2016 budget.