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Stats: U.S. Debt Jumped $1.27 Trillion in 2012

U.S. Federal Debt up $1.275 Trillion in One Year

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 on September 30th.

That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.

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