Public Debt of The United States
As of June 2011, the U.S. Treasury calculates that $230 million in United States notes are in circulation, and excludes this amount from the statutory debt limit of the United States. This amount excludes $25 million in United States Notes issued prior to July 1, 1929, determined pursuant to Act of June 30, 1961, 31 U.S.C. 5119, to have been destroyed or irretrievably lost.
Read more about this topic: United States Note
Famous quotes containing the words united states, public, debt, united and/or states:
“I thought it altogether proper that I should take a brief furlough from official duties at Washington to mingle with you here to-day as a comrade, because every President of the United States must realize that the strength of the Government, its defence in war, the army that is to muster under its banner when our Nation is assailed, is to be found here in the masses of our people.”
—Benjamin Harrison (1833–1901)
“[T]he minister preached a sermon on Jonah and the whale, at the end of which an old chief arose and declared, “We have heard several of the white people talk and lie; we know they will lie, but this is the biggest lie we ever heard.””
—Administration in the State of Miss, U.S. public relief program (1935-1943)
“They who have been bred in the school of politics fail now and always to face the facts. Their measures are half measures and makeshifts merely. They put off the day of settlement, and meanwhile the debt accumulates.”
—Henry David Thoreau (1817–1862)
“The United States Constitution has proved itself the most marvelously elastic compilation of rules of government ever written.”
—Franklin D. Roosevelt (1882–1945)
“Money is power, and in that government which pays all the public officers of the states will all political power be substantially concentrated.”
—Andrew Jackson (1767–1845)