The Obama Debt Tracker - Total combined national debt officially reaches $13 trillion milestone

The United States Department of the Treasury ^ | Wednesday, June 2, 2010 | The United States Department of the Treasury

[jpl]

Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:

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
06/01/2010         8,572,779,158,729.50         4,478,047,302,157.47         13,050,826,460,886.97

Since Barack Hussein Obama entered office on January 20, 2009, the total combined national debt has increased by more than $2.4 trillion, 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 $4.9 billion each and every single day. Thirteen trillion dollars is approximately $42,000 for every single man, woman, and child in the United States, and is equal to roughly 90% of the Gross Domestic Product of the United States.

[jpl]

Say a prayer for your children and our country tonight.

[Oldeconomybuyer]

[WOBBLY BOB]

[Diogenesis]

"You live only to serve us."

[SkyDancer]

...and the MSM hammered Bush because his deficit just a half-trillion ...

[kingu]

8,572,779,158,729.50 is the important number; the owing ourselves 4 trillion is paperwork playing. And there's no off budget offsets to trim this back, so it'll probably grow another half trillion before the midterm elections. Mindblowing numbers, and it isn't even on the MSN’s radar...

I sure am glad that we have a free and independent press...

[Berlin_Freeper]

President Barack Obama waves as he walks off of Air Force One at Andrews Air Force Base in Md., Wednesday, June 2, 2010, after a trip to Pittsburgh.

[Neoliberalnot]

The intentional tanking of the US economy by the marxist incompetent. Let him save face by borrowing a rope to hang himself and leaving a note that blames Bush for his act of suicide.

[DuncanWaring]

...the owing ourselves 4 trillion is paperwork playing.

That's like saying "If you borrow money from your parents instead of a bank you're not in debt - it's just paperwork playing".

Debt is debt.

[Palter]

R's and D's are to blame.

Yes Obama is the winner. And yes, "ALL" President's should be hammered for increasing the National Debt.

Ronald Reagan’s First Term – $656 billion increase

> Ronald Reagan’s Second Term – $1.036 trillion increase

> George H.W. Bush’s Term – $1.587 trillion increase

> Bill Clinton’s First Term – $1.122 trillion increase

> Bill Clinton’s Second Term – $418 billion increase

> George W. Bush’s First Term – $1.885 trillion increase

> George W. Bush’s Second Term – $3.014 trillion increase

> Barack Obama’s First “Year” – $1.573 trillion increase

[jpl]

And it's not even totally fair to heap all of the blame on the President, as he can't spend one penny without the approval of both houses of Congress first.

The latest crazy explosion of debt and spending began when the democrats took over both houses of Congress in early '07.

[jpl]

And furthermore, the official debt numbers don’t even include our essentially unlimited obligations we now have to Fannie Mae and Freddie Mac.

[Palter]

'took over both houses of Congress in early '07. '

All his "vetoes "speak for themselves.

[DuncanWaring]

And the other $100 trillion worth of unfunded liabilities of the Social Security/Medicare/Medicaid family.

[SmokingJoe]

George W. Bush’s Second Term – $3.014 trillion increase

2 years of Bush's second term was under the Reid/Pelosi "spend, spend, spend like there is no tomorrow" regimen.

[SunkenCiv]

$42,000 for every single man, woman, and child in the United States

$13 trillion over 300 million is $43333 (and 1/3rd) per person; the online mortgage calculator sez a $43K mortgage over 30 years works out to $276.37 per month per person.

[Sparky1776]

[La.daddyrabbit]

Bingo!
Someone was paying attention in class!

[RKBA Democrat]

Our kids will be fine. Let me tell you why: they aren’t going to pay off the national debt. I doubt they’re even going to try. No, they’re going to do the right thing and walk away from it. They’re going to repudiate the national debt, unless of course we do the responsible thing and repudiate the 0bama debt before they do.

[jpl]

I suspect you're probably right, but I just can't bring myself to be comfortable with the idea of being part of the world's biggest nation of deadbeats.

I've always had great disdain for those who borrow large sums of money with absolutely no intention of ever paying it back.