“From September 30, 2007, to the end of this past fiscal year on September 30, 2008, total federal debt grew by $1.0 trillion, from $9,007,653,372,262.48 to $10,024,724,896,912.49, which is an 11.3% annual rate of growth. The federal debt as of October 16, 2008 is now $10,331,139,000,845.92. So in just 16 days since the end of the last fiscal year, the federal debt has grown by an astounding $331.1 billion…. It has taken just 16 days to borrow one-third of what the government borrowed in all of last year.”
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