And there we have it .. 16 Trillion

[Lovebears65]

It just hit a few minutes ago

 

[L.K.Eder]

lemme guess, you just cashed your gubmint check.

 

[Big Black Dog]

Wonder how many people will blame this on Bush when 5 trillion of it belongs to Obama? Come on, libs - speak up now.

 

[ScienceRocks]

5.4 trillion belongs to Obama.

SUCKS. We're heading for trouble.

 

[eflatminor]

This is NOT going to end well...

The government had closed Thursday with a debt of $15.991 trillion, but jumped to $16.016 trillion on Friday after a round of debt auctions.

Federal debt tops $16 trillion, Treasury Dept. says - Washington Times

Even worse, if the federal government handled regular accounting like every business in America is forced to, the debt would be more like $100 trillion+. Even by their accounting standards, every baby born here comes with at least $50,000 owed.

How is this shit in any way moral?

The Debt Clock website appears to be going batshit: U.S. National Debt Clock : Real Time

 

[Mr Natural]

Who's responsible for the other 11 trilion?

 

[L.K.Eder]

Who's responsible for the other 11 trilion?

clinton, and the democratic congress.

 

[eflatminor]

Wonder how many people will blame this on Bush when 5 trillion of it belongs to Obama? Come on, libs - speak up now.

$5.4 trillion...

16,015,769,788,215.80 | The Weekly Standard

You think $16 trillion is bad, imagine if our President were to get his way:

 

[eflatminor]

Who's responsible for the other 11 trilion?

Big government assholes from both sides of the isle.

 

[Mr Natural]

Time to start selling off some assets:

Hawaii to Japan.

Alaska to either Canada or Russia (good bidding war potential)

Texas to Mexico.

Problem solved.

 

[ScienceRocks]

Who's responsible for the other 11 trilion?

Obama 5.4 trillion
Bush 5.0 trillion-over 8 years
George hw Bush caused some
Reagan Caused some
Carter caused some
Ford caused some

 

[ScienceRocks]

Time to start selling off some assets:

Hawaii to Japan.

Alaska to either Canada or Russia (good bidding war potential)

Texas to Mexico.

Problem solved.

Califorina, New Mexico to Mexico!

 

[Jackson]

Time to start selling off some assets:

Hawaii to Japan.

Alaska to either Canada or Russia (good bidding war potential)

Texas to Mexico.

Problem solved.

California to Mexico!

 

[RespondsWithGif]

4 more years!

 

[eflatminor]

Time to start selling off some assets:

Hawaii to Japan.

Alaska to either Canada or Russia (good bidding war potential)

Texas to Mexico.

Problem solved.

Absurd examples aside, there sure as hell are PLENTY of assets we could and should sell off:

There are over 14,000 vacant buildings owned by the feds...VACANT for God's sake!

Millions being wasted on vacant government buildings | Power Players - Yahoo! News

Nobody's suggesting we sell Yosemite, but the feds own 30% of the land! The top ten states with federally owned land:
Nevada : 84.5%
Alaska: 69.1%
Utah: 57.4%
Oregon: 53.1%
Idaho: 50.2%
Arizona: 48.1%
California: 45.3%
Wyoming: 42.3%
New Mexico: 41.8%
Colorado: 36.6%

So hell yes, in addition to cutting spending so that we stop adding to the debt, we should sell some assets or in the case of land, at least make damn sure we're leasing it to it's full potential.

 

[ScienceRocks]

4 more years!

It will be 21.4 trillion dollars by the time he leaves office.

 

[The Infidel]

Who's responsible for the other 11 trilion?

Obama 5.4 trillion
Bush 5.0 trillion-over 8 years
George hw Bush caused some
Reagan Caused some
Carter caused some
Ford caused some

All in LESS than 3 years..!!!

 

[RespondsWithGif]

4 more years!

It will be 21.4 trillion dollars by the time he leaves office.

Gotta spend money to make money

 

[Darkwind]

Who's responsible for the other 11 trilion?

Two things.

Baseline budgeting and,

the Debt ceiling rubber stamp committee.

 

[eflatminor]

Who's responsible for the other 11 trilion?

Obama 5.4 trillion
Bush 5.0 trillion-over 8 years
George hw Bush caused some
Reagan Caused some
Carter caused some
Ford caused some

I think every president since Andrew Jackson caused some. He was the last guy to pay off the debt...which he did by selling some land.