National Debt Ends 2010 By Topping $14 Trillion
There was a nice little New Year’s Eve present from the Department Of The Treasury that you might not have heard of:
Some milestone’s worth noting:
- The national debt passed the $ 13,000,000,000,000 mark on June 3, 2010. It took 212 days for an additional trillion dollars to be added to the national debt.
- Before that, it last passed a milestone number on November 17, 2009 when it hit $ 12,000,000,000,000. It took only 198 days for an additional trillion dollars to be added to the national debt.
- Since Barack Obama took the Oath of Office, the national debt has increased from $ 10,626,877,048,913.08 to $ 14,025,215,218,708.52. That’s an increase of $ 3,398,338,169,795.44 in 710 days.
Happy New Year !
You ain’t seen nothing yet.
And it’s only going to get worse, thanks to the Obama-GOP tax deal.
We’re number 1!
That’s spending an average of $4.786 BILLION per DAY more than is being brought in to the Treasury. I’m not sure how to wrap my brain around that.
Congratulations everyone! We did it! Now onwards and upwards to 15!
And in deep number 2!
***We’re number 1! ***lol, with a bullet…
http://www.usdebtclock.org/
“The crush depth of debt</a."
What happens when a submarine reaches its crush depth? The question answers itself. World War II U-boat Capt. Hebert Werner related in his postwar book, Iron Coffins, that no one knew how deep a U-boat could dive. “Because,” he said, “the only crews that found out were crushed a half-meter later.”
The United States is approaching its financial crush depth.
Like the sub crews we cannot know in advance what our crush depth is. We will only find out when we’ve reached it and borrowed one dollar more. And then it will be too late.
More here.