Tuesday, December 2, 2014

National Debt Hits $18,000,000,000,000




As lawmakers on Capitol Hill prepare for a budget battle near the end of the lame-duck session, the United States has officially crossed the $18 trillion national debt threshold and there are no plans in the works to stop it from reaching $19 trillion next year. 


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

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