Skip to comments.As Democratic Convention Opens, National Debt Tops $16 Trillion
Posted on 09/04/2012 5:18:29 PM PDT by tobyhill
The national debt has reached an all-time high of $16 trillion, according to the Treasury Department.
The new debt figures came out just hours before the three-day Democratic National Convention kicked off in Charlotte, N.C., fueling new GOP attacks against President Obama and his spending policies.
Todays news is another sad reminder of President Obamas broken promise to cut the deficit in half, said House Speaker John Boehner, R-Ohio, in a statement today. This debt is a drain on our economy and a crushing burden on our kids and grandkids, and its yet another indication that the presidents policies have made things worse.
It appears the U.S. first reached the new $16 trillion debt figure last week, on Aug. 31, according to the Daily Treasury Statement. The Treasury Department quietly posted it on its website today.
The new debt numbers work out to about $51,000 for every American, according to U.S. Census population estimates.
(Excerpt) Read more at abcnews.go.com ...
Maybe $51,000 if everyone paid taxes, but I suspect is it likely double for actual taxpayers. Wonder if P-Bo thinks this number is “irresponsible” and “unpatriotic”. I expect the media will ask him this question...right? But I digress, the man DID release his Beer Recipe this weekend, so we should give him a break.
$51,000?....weren’t they giving out $50,000 to every make believe black pig farmer? We all just need to start raising hogs and the government can pay this off in no time.
“If it’s not fixed in three years, I’m done.” Obama, 2008
Save your breath, Dimocrats: Stick a fork in him. He’s done.
“Notice those pallets are double stacked.
...and remember those are $100 bills.
So the next time you hear someone toss around the phrase “trillion dollars”... that’s what they’re talking about.”
$16 Trillion in debt? This calls for:
Free Sixth Trimester Abortions!