Every day since February 1992, I have reported to the Senate the exact total of the Federal debt, down to the penny, as of the close of business of the previous day, or on Mondays it would be, of course, for the previous Friday. As of the close of business yesterday, October 12, the Federal debt stood at $4,972,685,593,071.75. And this figure is approximately $27 billion away from $5 trillion which the Federal Government will surpass later this year or early next year. On a per capita basis, every man, woman and child in America owes $18,876.40, as is his or her share of that debt. No wonder babies come into this world crying.
William Helms: “Every day since February 1992, I have reported to the Senate the exact total of the Federal debt, down to the penny, as…”
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Reporting on the Federal debt and its implications for American citizens.
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