United States National Debt Reaches $12 Trillion

November 17, 2009
By

Today we read a post that indicated that as of 3:00 pm on 11/17, the United States National debt topped $12 billion for the first time setting a new US national debt record.

According to a post at Hot Air, the United States national debt was $12,031,299,186,290.07 at 3:00 pm.  This indicates that it took the Obama administration less than 8 months to add $1 trillion to the US national debt.

The 2009 budget deficit was $1.42 trillion or 3 times the 2008 budget deficit.

Despite what the White House says on TV, its report indicates that the US national debt at the end of  this fiscal year could top $14 trillion by adding $2 trillion more in the next 12 months.  The report goes on to indicate that by end of the decade, the United States national debt will hit $24.5 trillion in 2019 which will exceed the projected GDP.

America is headed toward an economic catastrophe as our politicians seek to gather power today by mortgaging our and our children’s future.  To many, the promises of our politicians sound good, but most Americans don’t think about paying for those promises.

As Americans, we need to demand that our government stop spending away our future to gain power today.

Tags: , , , , ,

3 Responses to United States National Debt Reaches $12 Trillion

  1. [...] Obama Pushes Debt to $12 Trillion In another political first, the Obama administration and the Democrat controlled congress gave us a new record national debt of $12 trillion. [...]

  2. Michele on November 19, 2009 at 1:12 am

    Headline should replace the B with a TR

  3. [...] reported by CPHQ roughly 6 months ago, the national debt  passed the $12 trillion mark for the first time.  At this [...]

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsor Links

Follow Us on Twitter