Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

[Vigilante]

Yes, Imperial Leader is THIS STUPID! Can you imagine where we will be in Jan. 2017!!!!

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.....

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

 

[TheOldSchool]

Well I guess we're all fucked. Nice knowing you all.

 

[Judicial review]

Well I guess we're all fucked. Nice knowing you all.

In this case i need sex.

 

[Tom Sweetnam]

Make liberal parasites pay it off, it's their debt anyway.

 

[OnePercenter]

Yes, Imperial Leader is THIS STUPID! Can you imagine where we will be in Jan. 2017!!!!

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.....

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

Before you put to much blame on Obama -

Stimulus package spending, tax cuts, and effects of the recession on tax revenues are all Bush.

Remnants of Bush are still occurring. Two weeks ago, Caesars Entertainment filed bankruptcy ($1B) citing the effects of the crash.

 

[OnePercenter]

Make liberal parasites pay it off, it's their debt anyway.

Voters of Bush should pay it off. Of course nobody admits to voting for him.

 

[S.J.]

Why is it that only the Republicans want a balanced budget amendment, which was initiated by Ronald Reagan?

 

[OnePercenter]

Why is it that only the Republicans want a balanced budget amendment, which was initiated by Ronald Reagan?

How are you going to balance a budget when you have anticipated income?

 

[S.J.]

Why is it that only the Republicans want a balanced budget amendment, which was initiated by Ronald Reagan?

How are you going to balance a budget when you have anticipated income?

Base the budget on projected revenues.

 

[Judicial review]

Why is it that only the Republicans want a balanced budget amendment, which was initiated by Ronald Reagan?

I'm in topain 1% and pay 15.3%. Lots of cash in tax deductible accounts. Brilliant.
How are you going to balance a budget when you have anticipated income?

Base the budget on projected revenues.

 

[007]

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.

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

 

[Votto]

Yes, Imperial Leader is THIS STUPID! Can you imagine where we will be in Jan. 2017!!!!

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.....

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

If you think this is bad, wait till the next president.

You ain't seen nothing yet.

 

[007]

Yes, Imperial Leader is THIS STUPID! Can you imagine where we will be in Jan. 2017!!!!

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.....

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

If you think this is bad, wait till the next president.

You ain't seen nothing yet.

Really... pray tell, who's going to be the next president, and what is going to happen, oh great seer...

 

[Votto]

Yes, Imperial Leader is THIS STUPID! Can you imagine where we will be in Jan. 2017!!!!

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.....

Total US Debt Rises Over 18 Trillion Up 70 Under Barack Obama Zero Hedge

If you think this is bad, wait till the next president.

You ain't seen nothing yet.

Really... pray tell, who's going to be the next president, and what is going to happen, oh great seer...

Who? You mean what will be President, will it be another empty suit or dress?

Shrug. Who the hell cares?

 

[B. Kidd]

Young people are soooo screwed.

 

[OnePercenter]

Base the budget on projected revenues.

Which is nearly impossible to accomplish accurately.

 

[OnePercenter]

Young people are soooo screwed.

Nixon, Ford, Reagan, and the Bushes cemented that.

 

[B. Kidd]

Young people are soooo screwed.

Nixon, Ford, Reagan, and the Bushes cemented that.

You left out Carter, Clinton, and of course, Oblama.

 

[OnePercenter]

If you think this is bad, wait till the next president.

You ain't seen nothing yet.

Unless you rein in corporate America.

 

[OnePercenter]

You left out Carter, Clinton, and of course, Oblama.

Which of the following are Democrats responsible?

Japan product dumping
The fake gasoline shortage
Iran/Contra
The S&L crisis
Deregulation of the healthcare insurance industry
Reagan alone raised taxes directly on the middle class 11 times in eight years
Star Wars
Two economic crashes
Deregulating derivatives