Debt clock hits $16 Trillion as DNC celebrates Hope and Chair 2012

HOT AIR ^ | MARY KATHARINE

[stocksthatgoup]

Well, the scene is already set for an uplifting week of healing rhetoric and outreach to independents.

Democrats are having plenty of high-profile problems dealing with the simple question: “Are you better off than you were four years ago?”

Expectations are being managed.

What they thought was a rambling speech by a fading old-timer turned out to be the perfect metaphor for the president’s lack of leadership, perfectly suited to the age of memes.

There’s a blow-out end-of-summer sale at the Obama store.

The Raleigh News & Observer delivered less-than-welcome news to incoming DNC attendees today:

[stocksthatgoup]

Headline says it all. Seems Katherine could not bring herself to discuss it however.

Better to look for yourself.

http://www.usdebtclock.org/

[DuncanWaring]

The “Debt Clock” is an approximation.

From the horse’s mouth:

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Close-of-business last Friday - $16,015,769,788,215.80.

[KeyLargo]

Hit the $16 Trillion number just minutes ago at the Dim Convention:

The National Debt: $16 Trillion Dollars Of Moral, Cultural And Political Decay

Detail of the National Debt Clock, a billboard-size digital display showing the increasing US debt, near an office of the Internal Revenue Service on Sixth Avenue in New York.(Image credit: AFP/Getty Images via @daylife)

Wow! We’ll soon cross Sixteen Trillion Dollars in Federal Debt! S-i-x-t-e-e-n T-r-i-l-l-i-o-n D-o-l-l-a-r-s. That’s a lot of vote buying even for Washington. Is this ruin? Have we indentured our children into servitude? Solomon warned borrowers will be slaves to their lenders. Add $120 plus trillion in unfunded forthcoming liabilities and, well, we’re doomed.

[DuncanWaring]

It hit $16 trillion last Friday - see Post 2.

[spankalib]

Hope and Chair

LOL!

[Drew68]

Sixteen trillion $1 bills taped end to end would reach to Saturn and back with money left over.

[Uncle Miltie]

[NormsRevenge]

it’s a ‘everybody stop and hop out of your vehicle’ , run around it three times and boogie moment in the brewing..

[NormsRevenge]

Coming to a flea market or internet site soon, cheap.

Obama 2012 remnants&paraphenalia