The Obama Debt Tracker - Obama doubles America's publicly held debt in just 5.2 years

The United States Department of the Treasury ^ | Monday, April 1, 2014 | The United States Department of the Treasury

[jpl]

I wish that this were just another bad April Fools' Day joke, but sadly, this story is all too real.

Since President Barack Hussein Obama was inaugurated into office a little over five years ago, Obama, Pelosi, and Reid have doubled America's publicly held debt, an increase of more than 6.3 trillion dollars:

Date                   Debt Held by the Public         Intragovernmental Holdings   Total Public Debt Outstanding

03/31/2014        6,307,310,739,681.66          4,319,566,309,231.42          10,626,877,048,913.08
8/19/2011          12,619,319,113,193.99        4,981,908,178,019.90          17,601,227,291,213.89

In this time period, total national debt has increased by nearly seven trillion dollars total, and as you can see, almost all of it is public debt, which is the worst kind.

This is an absolutely mind-blowing increase of roughly one trillion dollars every nine months, or approximately $3.7 billion each and every single day. Seven trillion dollars is approximately $22,000 for every single man, woman, and child in the United States.

And given that true economic recovery appears to be nowhere in sight and the federal reserve continues to endlessly monetize the debt and pump countless billions into the markets via quantitative easing, it is pretty much a certainly that the next trillion dollars of debt will be accumulated before we know it.

[jpl]

Do me a favor and please relax with the "but, but, but" line.

I'm no republican waterboy. I've had others on this site imply that I'm a Nazi because I was being too critical of John Boehner back when he became Speaker of the House three years ago.