U.S. Debt Tops $18 TRILLION

by JASmius



.....41% (and counting) of it courtesy of Barack Hussein Obama:

Last week, total U.S. debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding U.S. public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total U.S. public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.”

It also means that total U.S. debt to nominal GDP as of September 30th, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.”

Well, they did say that the Obama presidency would be "historic".

To me it evokes this Geico commercial:



There are, in other words, two ways that anything "historic" can cut. Lenin, Stalin, Hitler, and Mao were "historic" leaders as well. Pity that empty-headed American voters twice opted to emulate their example, because they and their posterity - and all of us who DIDN'T vote for it - will be literally slaving away paying the literal price for that recidivist folly for a whole helluva lot longer than fifteen minutes.