Federal Government Borrowed approximately $4.9 Billion Each and Every Day Since Obama Became President
Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:
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
06/01/2010 8,572,779,158,729.50 4,478,047,302,157.47 13,050,826,460,886.97
Since Barack Hussein Obama entered office on January 20, 2009, the total combined national debt has increased by more than $2.4 trillion, 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 $4.9 billion each and every single day. Thirteen trillion dollars is approximately $42,000 for every single man, woman, and child in the United States, and is equal to roughly 90% of the Gross Domestic Product of the United States.
Read the whole story at The United States Department of the Treasury
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