How Much Did The National Debt Increase In 2013? | Breaking It Down
Happy new year! To start off 2014 we thought we’d break down the amount added to the national debt in 2013. Warning: looking at these numbers may make your new year a little less happy.
- Total Debt Increase: $794 Billion. On Dec. 31, 2012 the national debt was $16.433 trillion. Nearly one year later, on Dec. 30, 2013, it was $17.227 trillion, a $794 billion increase.
- Debt Increase Per Hour: $90.6 Million. The $794 billion annual increase amounts to $15.27 billion in debt added each week, $2.18 billion added each day, $90.6 million added each hour and $1.51 million added each minute of 2013.
- Debt Increase = The Wealth Of The World’s 25 Richest People. The world’s top 25 richest individuals and families have a combined wealth of about $722 billion, just a (relative) few billion less than what our federal government added to our debt last year.
- Debt Increase Per Hour = Baltimore Ravens Salaries For Year. In 2013, Super Bowl Champions the Baltimore Ravens spent $104 million in player salaries, just $13 million more than the federal government added to the national debt each hour.
- A Lot Of Champagne. The most expensive champagne in the world – Shipwrecked 1907 Heidseick – runs $275,000 a bottle. For the amount added to the national debt last year, taxpayers could have toasted the new year 2,9 million times.
To learn more about the questionable federal government spending that helped add to our debt, see our Wiki, www.spendopedia.com