Now Reading
Mission Accomplished! Obama crosses the $18,000,000,000,000.00 red line

Mission Accomplished! Obama crosses the $18,000,000,000,000.00 red line

And who said that the Obama administration has accomplished nothing. How about $18 Trillion in US public debt. Take that political pundits and critics.

Via Zerohedge…

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.

It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.

It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.

And now we wait for the US to become Spain, and add the estimated “contribution” from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.

debt to the penny Dec 2014

Once upon a time we all believed in hope and change…

“America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”

Senator Barack Obama, March 16, 2006

References:

http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion

 

Liked it? Take a second to support The Duran on Patreon!

4
Leave a Reply

avatar
4 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
DamarForTruthMartinVitrup Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
MartinVitrup
Guest

RT @redpilltimes: Mission Accomplished! #Obama crosses the $18,000,000,000,000.00 red line #HopeChange http://t.co/ukgJKwaI1z

DamarForTruth
Guest

@redpilltimes What will eventually if this increases?

DamarForTruth
Guest

@redpilltimes What is the meaning of this debt level?

DamarForTruth
Guest

@redpilltimes i know it’s a lot of questions, but why does keep increasing so much?

Copyright DRN Media PLC 2019. RSS: http://theduran.com/feed

Scroll To Top