Voluntary Contributions

Voluntary Contributions To Pay National Debt Hit Record: 0.00005% of Total

By Penny Starr

November 27, 2012

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(CNSNews.com) – The U.S. Treasury Department website states that voluntary contributions to pay down the national debt in fiscal year 2012 reached a record amount of $7.7 million, which is 0.00005 percent of the total national debt of $16,309,738,056,362.44, or approximately $16.3 trillion.

In addition, in fiscal year 2012 -- Oct. 1, 2011 through Sept. 30, 2012 -- the debt of the U.S. government climbed by a total of $1,275,901,078,828.74, or $1.3 trillion, according to the Treasury Department. That translates into about $3.5 billion per day, or $145,833,333.00 per hour, $2,430,555.00 per minute, and $40,509.00 per second.
Based on those numbers, the federal government spent the $7.7 million in voluntary contributions to pay down the national debt in approximately 3 minutes and 10 seconds.