The public debt has increased by more than $500 billion each year since fiscal 2003, with increases of $1 trillion in fiscal 2008, $1.9 trillion in fiscal 2009 and $1.7 trillion in fiscal 2010.
SOURCE: Treasury Department
A – B (APPROPRIATION – BUDGET SURPLUS)
C – E (CONTINUING RESOLUTION – ENTITLEMENTS)
F – N (FEDERAL DEBT – NATIONAL DEBT)
O – P (OBLIGATION – PRESIDENT'S BUDGET)
S – U (SCOREKEEPING – UNFUNDED MANDATE)
Frequently Asked Questions
How much has the public debt increased in recent years?
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