Between fiscal 2015 and fiscal 2016
- Collections by the US Treasury grew by 0.6% to $3.27 trillion
- Spending by the US Government grew by 4.5% to $3.85 trillion
- The US budget deficit grew by 33.8% or $587 billion
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Total Federal Government Debt in 2016: At the end of FY 2016 the gross US federal government debt is estimated to be $19.4 trillion, according to the fiscal year 2017 Federal Budget.
October was the start of FY 2017 so here is an estimate of where the total national debt stands as of today:
You can check my numbers here at the Treasuries "Final Monthly Treasury Statement"
This table adds a calculation for the monthly, rather than YTD change.
I have a hard time making the case our economy is "recovering" when government spending is growing faster than tax collections. Your mileage may vary.
Kirk Lindstrom's Investment Letter:
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