You may not have noticed it during the busy holiday rush, but the U.S. national debt has topped $14 trillion under Barack Obama.
It now stands at $14,001,550,000 - and rising by the second. Broken down by population, every man, woman and child in the United States owes $45,000.
The interest alone on the national debt has now topped $3.5 trillion.
Barack Obama and Congressional Democrats have increased the national debt by more than $3 trillion in just two years.
The debt was $10.6 trillion when Obama took office in January 2009.
And for the Kool-Aid drinkers out there who can't accept the fact that Obama has plunged the nation into uncharted debt territory, consider that it took George W. Bush eight full years to increase the debt by $4.9 trillion.
Left unchecked, Obama is on pace to push the debt to $16.5 trillion in 2012 (his last year in office) or $6 trillion more than the day he was sworn in.
If you can stomach it, follow the real-time debt at http://www.usdebtclock.org/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment