Nonsequitur: Federal Debt Grew $1.42 Trillion Last Fiscal Year

October 4, 2016

federaldebtovertime

Federal Debt Yearly Since 1977

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.

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