Q:

Where can you obtain information on the U.S. national debt for the past 10 years?

A:

Quick Answer

As of 2015, a reliable source for information on the national debt in the United States for the past 10 years is the TreasuryDirect website. This site is maintained by the U.S. Department of the Treasury, and its archives contains statements of the public debt of the U.S. from as far back as 1869.

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Full Answer

In the U.S., the fiscal year begins on October 1 and ends on September 30. The site also offers charts and analysis, current interest rates and prices and public debt records. Treasury managed accounts, trust fund programs and federal investment programs are outlined on the site, and reports and charts can be downloaded and printed free of charge.

Another location to view the national debt is the USGovernmentSpending website. This extensive site covers the past two centuries of debt that have accrued in the country.

Alexander Hamilton created the federal debt when he became the first Secretary of Treasury. The federal debt was initially used to pay back debts incurred during the Revolutionary War. Until the 1930s, the nation only went into debt due to large and expensive wars like World War I and World War II. This changed during the Roosevelt Administration to help the country recover from the Great Depression with the use of federal borrowing.

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