The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

Economic Collapse ^ | 14 September 2014 | Michael Snyder

[Lorianne]

The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny. On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32.

As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.

[al baby]

That all hell no worries just keep the presses rolling along

[Paladin2]

Boner and Reid’s fault too.

[GraceG]

[Wingy]

I just wanted to get in before someone says, "The Republicans do the same thing."

The real question is, is there ANY truth that comes from this Administration? I only get lies and crashed hard drives.

[Jim Robinson]

The Republican House is doing a helluva job!

[gunsequalfreedom]

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

The housing market is booming. It can't possibly collapse.

[servantboy777]

These people are destroying our country and there is not a damn thing we can do about it.

Americans, just shut up and take it.

[Klemper]

there is absolutely nothing to worry about... until the National Debt grows to Ten Thousand Trillion Dollars.... so SHUT UP, YOU FEAR MONGERS! If only we could print Dollars to Uranus, you could wipe your arses with them.

[SandRat]

Attack of the Obama DebtSTAR Weapon.

[SunTzuWu]

Bookmark.

[FlingWingFlyer]

I just wanted to get in before someone says, "The Republicans do the same thing."

Lots of trolls here. LOL!

[Klemper]

What lesson did King George III learn? Who else needs to learn this lesson again, today?

[jsanders2001]

I think it has a whole lot to do with the increased costs allovated by the Obama administration for the Cloward - Piven invasion, mainly for transportation services, housing, feeding and processing of illegal immigrants which has increased approximately 5 times higher from 2013 to 2014....it’s called the Unaccompanied Alien Children Program

[familyop]

Political folks of all stripes do love that pork. Republicans pander to them, while they give their money to the Democrats. Here's a look at the influential part of the electorate.

Heavy Hitters: Top All-Time Donors, 1989-2014
http://www.opensecrets.org/orgs/list.php
American Fedn of State, County & Municipal Employees $60,949,129 [Democrat] 81% [Republican] 1%”

Leviathan (Uncle Sam employs more people than you think)
National Review ^ | 02/03/2011 | Iain Murray
"...nearly 40 million Americans employed in some way by government."

[ckilmer]

well this explains why the dollar is rising and gold can’t catch a break.

[RC one]

How so?

[ckilmer]

my remark was a snark. something about this just doesn’t make sense. because a big rising debt should cause the dollar to fall and gold to rise. but neither are happening.

[RC one]

I wondered if I was missing something. I think gold and petrodollars are in conflict and petrodollars appear to have the upper hand presently what with the Ruble spiralling and the US preparing to go to war in Syria.