America's debt hits new milestone - $13 trillion

SHOOT: The country is technically bankrupt.

clipped from www.washingtontimes.com The department's website on Wednesday showed that the outstanding public debt hit $13.051 trillion as of Tuesday, leaping nearly $60 billion since Friday, the previous day for which figures were released. The department always posts figures a day behind and skipped Monday because it was a federal holiday. A down-to-the-penny tally of the debt will be released by the department Wednesday afternoon. At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident. The single biggest day for debt came on June 30, 2009, when the government added $186.9 billion in obligations. The last days in fiscal quarters often see major debt increases.