U.S. Debt Increases By $100 Billion the Last Day Of 2014

U.S. Debt Increases By $100 Billion the Last Day Of 2014

While Americans toasted farewell to 2014 on New Years Eve, the federal government delivered a perpetual reminder of this fateful year by swelling the national debt even up to and through the final day. Zero Hedge reports, “As of the last day of 2014, total US debt soared by $98 billion in one day….and closing off 2014 with a new all time high total of $18.141 trillion in Federal debt – an increase of $136 billion in the month of December and $790 billion for all of 2014.”

Needless to say, 2014 will be remembered as a time when the United States debt reached historic heights, escalating to a level that threatens to upend United States fiscal solvency. Let’s hope 2015 will be remembered as the year when the United States reversed course and made strong headway toward financial stability by engaging in major debt reduction.

 

Click here to read the full Zero Hedge article. 

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