It’s Official: $16,015,769,788,215.80 – BaRaCK OBaMa’S HoPeLeSS DeBT BRoKe BaND…

It’s Official: $16,015,769,788,215.80 (ZeroHedge, Sep 4, 2012):

A week ago, following the unsettled auction of the just concluded 2 Year bond issue, we calculated that the total US debt just crossed a psychological boundary that it will never cross to the downside ever again. Today, we just got the official confirmation courtesy of all auctions from last week finally settling. Sure enough, as of Friday, the official debt tally is now $16,015,769,788,215.80.

And for those who care about such things, the total debt/GDP is now, assuming the same GDP growth in Q3 as in Q2, at 102%, up from 76.5% when President Obama took office.

BaRaCK OBaMa’S HoPeLeSS DeBT BRoKe BaND… (ZeroHedge, Sep 4, 2012):

1 thought on “It’s Official: $16,015,769,788,215.80 – BaRaCK OBaMa’S HoPeLeSS DeBT BRoKe BaND…”

  1. I am a long time fan of your site, but calling this debt Obama’s debt as if he created it alone gets a little old. Extension of the bush tax cuts took our debt level to 100% of GDP…….it is the work of generations of corrupt offiicials in congress and the white house, not the work of one man or administration.
    I am no fan of the republicans or democrats. In my opinion, Americans have gotten too lazy, and allowing two corrupt political parties to run our nation into the ground is a big part of the problem. Our leaders serve their own interests, not ours.
    Americans ought to be building new political parties and recruiting some decent candidates for office. Blaming one person or administration only adds to the childish finger pointing that has destroyed this country. We need to start building again, blaming is for the schoolyard.


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