Monday, December 1, 2014

THE POTUS BHO CHAOS US DEBT IS NOT ABOVE 25% SINCE TAKING OFFICE IN 2008 NOR 50% BUT A WHOPPING 70%–THE LEGACY NEVER EVER EVER TO BE OUT DONE FROM THE COMMUNITY ORGANIZER WITH ZERO BUSINESS SENSE AS 2014 ENDS AND 2 YEARS LEFT ON THE LAME DUCK POTUS–AS THE DEMOCRATS HAVE DONE THE SAME IN SUPPORT OF AND HAVE STUCK THEIR HEADS IN THE SAND LIKE GOOD OLE OSTRICH IGNORING OVER THE CLIFF MAGIC BUS RIDE THEY HAVE DIRECTED US ALL INTO WHILST GROWING THEIR OWN PERSONAL WEALTH WITHOUT A CARES IN THE WORLD WITH OUT OF CONTROL SPENDING WITHOUT A BALANCE BUDGET

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.

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

No comments:

Post a Comment