By: Terence P. Jeffrey
(CNSNews.com) - According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.
That means the federal government borrowed approximately an
additional $10,855 for each household in the United States just over the
past twelve months.
The total debt of the United States now equals approximately $136,690 per household.
In fiscal 2011, the debt increased by about $10,454 per household--$401 less than the $10,855 per household increase of 2012.
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