Ragnar
<--- Pic is not me
Federal debt tops $13 trillion mark - Washington Times
And so it goes and goes and goes and where it stops no one knows....
The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.
Calculated down to the exact penny, the debt totaled $13,050,826,460,886.97 as of Tuesday, leaping nearly $60 billion since Friday, the previous day for which figures were released.
At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That's almost three times the daily average of $1.7 billion under the previous administration, and led Republicans on Wednesday to place blame squarely at the feet of Mr. Obama and his fellow Democrats.
At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident.
"Throughout history, excessive debt has led to the demise of great nations," said Sen Tom Coburn, Oklahoma Republican. "This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means."
Earlier this year, Congress and Mr. Obama raised the country's debt limit to $14.3 trillion, hoping it would give the government enough room to spend through the end of this year.
And so it goes and goes and goes and where it stops no one knows....