The Obama Debt Tracker - more than $3 trillion of new national debt in 21 months

The United States Department of the Treasury ^ | Monday October 18, 2010 | The United States Department of the Treasury

[jpl]

Since President Barack Hussein Obama was inaugurated into office a bit less than 21 months ago, Obama, Pelosi, and Reid have increased the total combined national debt by more than three trillion dollars:

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

01/20/2009         6,307,310,739,681.66         4,319,566,309,231.42         10,626,877,048,913.08
10/18/2010         9,059,271,396,291.56         4,606,655,246,964.40         13,665,926,643,255.96

In this time period, the debt has increased precisely $3,039,049,594,342.88, and worst of all, the overwhelming bulk of this is debt held by the public which has been borrowed from foreign governments like the communist Chinese.

This is an absolutely mind-blowing increase of roughly one trillion dollars every seven months, or approximately $4.8 billion each and every single day. Three trillion dollars is a bit less than $10,000 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 by the middle of next year.

[jpl]

The lurch towards bankruptcy, currency devaluation, and national destruction continues apace. God help us all.

[4Speed]

Debt ping

[so_real]

Three trillion dollars is a bit less than $10,000 for every single man, woman, and child in the United States.

But that's just the new debt. Take the total debt and the next child born in the U.S. already owes $44,011 before he draws his first breath. I detest what passes for "leadership" these days in government.

[MNDude]

then take in account there’ a lot of men, women, ad children that will never contribute a red dime to paying this off, but instead will continue to leech off the system.

[stephenjohnbanker]

Insanity On Parade

[The Comedian]

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.