Total combined national debt officially reaches $15 trillion milestone
United States Department of the Treasury ^ | Wednesday November 16, 2011 | United States Department of the Treasury According to the official numbers just put out today by the United States Department of the Treasury, the U.S. government yesterday reached the dubious milestone of being a total combined fifteen trillion dollars in debt:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
11/15/2011 10,314,468,105,168.02 4,719,139,150,752.30 15,033,607,255,920.32
Since Barack Obama was inaugurated as President of the United States, the total combined national debt has increased by approximately 4.4 trillion dollars, a staggering rate of increase of approximately 4.3 billion dollars per day. And worst of all, the overwhelming bulk of this increase is debt held by the public which has been borrowed from foreign governments like the communist Chinese, and printed by the Federal Reserve, causing inflation and weakening the dollar. The publicly held portion of the debt has more than doubled in the last four years. Obama is on pace to easily surpass in just four years the amount of debt that President George W. Bush accumulated in eight years.
Fifteen trillion dollars is more than $48,000 for every single man, woman, and child living in the United States.
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www.usdebtclock.org
