4 years ago when I commenced these daily reports to the Senate it was my purpose to make a matter of daily record the exact Federal debt as of the close of business the previous day. In that first report (February 27, 1992) the Federal debt the previous day stood at $3,825,891,293,066.80, as of close of business. The point is, the Federal debt has since shot further into the stratosphere. As of yesterday at the close of business, a total of $1,191,392,298,843.23 has been added to the Federal debt since February 26, 1992. This means that as of the close of business yesterday, Tuesday, March 12, 1996, the Federal debt total was exactly $5,017,283,591,910.03. (On a per capita basis, every man, woman, and child in America owes $19,044.03 as his or her share of the Federal debt.)
William Helms: “4 years ago when I commenced these daily reports to the Senate it was my purpose to make a matter of daily record the…”
Editor's note · Context
Discussing the increase in the Federal debt during a Senate floor report.
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