Figures on government spending and debt

"Budget"

03/10/2010

Mar 10, 6:34 PM (ET)

WASHINGTON (AP) - Figures on government spending and debt (last six digits are eliminated).

The government's fiscal year runs Oct. 1 through Sept. 30.

• Total public debt subject to limit March 9 12,496,458
  
  
• Statutory debt limit 12,394,000
  
  
• Total public debt outstanding March 9 12,552,704
  
  
• Operating balance March 9 83,829
  
  
• Interest fiscal year 2010 thru Dec 52,329
  
  
• Interest same period 2009 54,737
  
  
• Deficit fiscal year 2010 thru Dec 388,507
  
  
• Deficit same period 2009 332,486
  
  
• Receipts fiscal year 2010 thru Dec 487,776
  
  
• Receipts same period 2009 547,384
  
  
• Outlays fiscal year 2010 thru Dec 876,284
  
  
• Outlays same period 2009 879,870
  
  
• Gold assets in Jan 11,041
  

The U.S. 2009 Gross Domestic Product is $14,461.7 billion. Economists say that a vital nation can manage debt that is 2.5 to 3 times their GDP. As we recover our GDP will increase.

From these figures we can conclude that due to a severe recession America had to stimulate its economy and we did so. The result is that we are coming out of recession and growing once more but slowly. Up to now it has been a largely jobless recovery but that is now changing too. Thank God that we have the assets to weather these sort of storms. As we stabilize it will be time to retire public debt and restore the cushion against future shock.