Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving

by TERRANCE JEFFREY November 27, 2012

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation's 114,916,000 households.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

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Who's right: Donald Trump or Macy's?

 

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As a result of this, will you shop less - or not at all - in Macy's stores in the future?






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