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
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.
