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.
In fiscal year 2012 the annual voluntary contributions totaled more than double from the previous year’s total of $3,277,369.23, tallying up to $7,749,618.27.