« Rezko Singing: Obama Sweating? | Probe: Palin 'Abused Power' in firing trooper »
October 11, 2008

Where's the money coming from?

By Dennis Sevakis

Is the United States bankrupt yet? If not, where will we manage to get another trillion dollars?

I report the numbers, you decide.

I especially like the new "Hope Bonds" that have been issued.  Can "A wing and a prayer" series be far behind? Will deflation result in a reduction of the value of Treasury Inflation-Protected Securities?

Perhaps that's the bright side to all of this. 

Historical Debt Outstanding - Annual 2000 - 2008
Includes legal tender notes, gold and silver certificates, etc.

The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.

To find more historical information, visit The Public Debt Historical Information archives.

Date

Dollar Amount

09/30/2008

10,024,724,896,912.49

09/30/2007

  9,007,653,372,262.48

09/30/2006

  8,506,973,899,215.23

09/30/2005

  7,932,709,661,723.50

09/30/2004

  7,379,052,696,330.32

09/30/2003

  6,783,231,062,743.62

09/30/2002

  6,228,235,965,597.16

09/30/2001

  5,807,463,412,200.06

09/30/2000

  5,674,178,209,886.86




Links to the two Treasury Dept. PDF files used to construct the table given below:

http://www.treasurydirect.gov/govt/reports/pd/mspd/2007/opds092007.pdf

http://www.treasurydirect.gov/govt/reports/pd/mspd/2008/opds092008.pdf


 SUMMARY OF TREASURY SECURITIES OUTSTANDING AS OF SEPTEMBER 30th 
 Millions of U.S. Dollars 
 Publicly HeldIntra-governmentalTotal U.S. Debt 
 20072008'08 - '0720072008'08 - '0720072008'08 - '07 
           
Bills954,607 1,484,332 529,725 3,474 5,476 2,002 958,081 1,489,808 531,727  
Notes2,456,100 2,623,364 167,264 1,939 1,395 -544 2,458,039 2,624,759 166,720  
Bonds560,922 578,504 17,582 176 4,368 4,192 561,098 582,872 21,774  
Treasury Inflation-Protected Securities456,776 523,951 67,175 140 586 446 456,916 524,537 67,621  
Federal Financing Bank0 0 0 14,000 14,000 0 14,000 14,000 0  
 4,428,405 5,210,151 781,746 19,729 25,825 6,096 4,448,134 5,235,976 787,842  
           
           
Domestic Series29,995 29,995 0 0 0 0 29,995 29,995 0  
Foreign Series2,986 2,986 0 0 0 0 2,986 2,986 0  
REA Series1 1 0 0 0 0 1 1 0  
State and Local Government Series296,513 260,238 -36,275 0 0 0 296,513 260,238 -36,275  
United States Savings Securities197,126 194,253 -2,873 0 0 0 197,126 194,253 -2,873  
Government Account Series88,153 107,498 19,345 3,938,619 4,190,179 251,560 4,026,772 4,297,677 270,905  
Hope Bonds210 0 0 0 30 30 0 30 30  
Other6,126 3,569 -2,557 0 0 0 6,126 3,569 -2,557  
 620,900 598,540 -22,360 3,938,619 4,190,208 251,589 4,559,519 4,788,749 229,230  
           
 5,049,306 5,808,692 759,386 3,958,348 4,216,033 257,685 9,007,653 10,024,725 1,017,072  
A Hope Bond was issued on August 28, 2008, pursuant to the Housing and Economic Recovery Act of 2008, Public Law 110-289 (2008).  These long-term nonmarketable securities have been issued to the Federal Financing Bank for the HOPE for Homeowners Program. 
 
           
           


If you experience technical problems, please write to helpdesk@americanthinker.com