Thursday, February 17, 2011
By Terence P. Jeffrey
(CNSNews.com) - The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago.
That brings the total national debt to $125,475.18 per household.
At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood at $10.79 trillion ($10,789,783,760,341.41), according the Bureau of the Public Debt. At the close of business on Feb. 16, 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50)—an increase of $3.34 trillion (3,340,105,930,036.09)
The U.S. Census Bureau estimates that there are a total of 112,611,029 households in the United States, which average about 2.6 people per household. That means that the new debt accumulated in the two years since Feb. 17, 200
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