Debt, debt and more government debt


  • By
  • | 7:26 a.m. August 10, 2012
  • Florida
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In 2008, the sum of all U.S. government, private and corporate debt was $31.7 trillion. It is now $36.4 trillion, according to the Federal Reserve Bank's statistics, an increase of $4.7 trillion in the last four years. Looking into the statistics further, we see that although the total debt has increased by $4.7 trillion, $4.6 trillion of that increase is federal government debt.

 

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