by Calculated Risk on 12/02/2005 01:24:00 PM
Friday, December 02, 2005
Fiscal 2006: Record YTD Increase in National Debt
Fiscal 2006 is off to a poor start as the increase in the National Debt set a record for the first two months of the fiscal year. The National Debt increased $159.6 Billion to $8.092 Trillion as of Nov 30, 2005.
Click on graph for larger image.
The previous record through November was in 2004 (fiscal 2005) with an increase in the National Debt of $146.2 Billion.
Each month I will plot the YTD increase in the National Debt and compare it to the proceeding years. I expect fiscal 2006 to set a new record for the annual increase in the National Debt.