Total US Debt Soars Over $17 Trillion

Tyler Durden's picture

Two days ago, when we described the immediate next steps now that the House had passed the latest debt target ceiling extension, we explained what would happen immediately after as follows: "next up, as the emergency Treasury measures are netted out against the new debt limit, it means that once the new Daily Treasury Statement hits, the total US Federal debt will be just at, or over $17 trillion. Rejoice." Moments ago the first post-reopening DTS just hit, and it turns out our estimate was low. Because as of yesterday, the official US debt is now 17,075,590,107,963.57 an increase of $327 billion "overnight."

We hope this will answer all that hyperventilating questions about how the total US debt can stay fixed at one number since May: basically the Treasury had utilized over $320 billion in emergency measures, and now they have been netted out against the "temporarily" suspended debt limit.

Of course, we are confident this number will figure far less prominently among tomorrow's mainstream media papers, especially when the great unemployed masses and the 46 million on foodstamps have another record number, that of the stock market, to be distracted with.

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Xibalba's picture

who's counting? 

flacon's picture

What happened to the price of gold vs. debt ceiling chart? It looks soooo broken for about two years. 

WayBehind's picture

Lets celebrate ...

give it a few weeks and we will be at 20 ...

Pure Evil's picture

And just think.....

By the end of the year it'll be over 18 trillion.

Gotta get ready for those year end bonuses!

Stackers's picture

According to the Economist's future debt clock back in 2010 we were only supposed to have 12.7 trillion in debt in 2013 ........ ROFL


Select US from drop down list of countries

SilverIsKing's picture

No one should be surprised. After 16 comes 17. I can guarantee you 18 will be next.

After 18 you will see 19.

Getting the hang of it yet?

So when 18 arrives, let's not seem too surprised.

olto's picture

Hiyo Silveris-----

I like the way you think---good math

using 320 million as a base population---it comes out to about $53,125 for each man, woman, and child here.

Now here is my question, Mathamatica:

If we subtract the 47 million that cannot possibly pay a cent, What is the real number???


SilverIsKing's picture

Well you divide the $17T by 273 million but in reality, many in the 273 can't pay jack shit either.

olto's picture


Now, by your response

I know that you are truly Mathamatica

Thanks for the laugh----you surprised me!

1000 splendid suns's picture

Karen Hudes to the rescue.

She has bigger cajones than Janet Yellen.


nmewn's picture


They must be of the anarchist variety, to object to the tyranny being imposed by elites.

Very radical peeps, these TP-types, best to keep an eye on them ;-)

AlaricBalth's picture

I call BS to the Treasury and Jack Lew.

Description of the Extraordinary Measures

According to the Treasury's own document, the use of EM could only generate $208 billion 10 months ago. Even allowing a 15% margin for error that would still only be $239.2 billion. I do not recall asset sales in the amount of $80 billion. So where exactly did the extra cash come from?
This as all BS. Perhaps Lew should enlighten us.

Father Lucifer's picture

Is Karen Hudes really Tyler? or just channeling him?

MisterMousePotato's picture

Even more interesting is the fact that the 17, 18, 19 trillion dollar numbers do not take into account the actual 'obligations' of the United States federal government. You know, the little things like Social Security, etc.

Add that in, and, well, you're talking about a whole lot more than $53k per. (Even the most conservative estimates I have seen suggest trebling that figure.)

Oh. And let's not forget state and local .gov, too. For instance, in California, that adds another $30k (at a minimum) per person. With one-third of the country's welfare recipients here in the state, it's safe to say, I think, that not every California resident will be paying their share?

Herd Redirection Committee's picture

I, for one, trust the Federal Government's accounting.

Shit, I couldn't keep a straight face for the whole thing.

spine001's picture

The net present value of the all the future balance of payments of the USA is 200 trillion dollars today.

nmewn's picture

You're forgetting how perpetual Keynesian theory works/ends.

When you have 100% wards of the state, with no one actually working or producing anything, the .gov/Fed alliance keeps printing fiat so that "tax revenues" keeps coming in and being accounted for as a net positive...accounting never lies, only the people who do the accounting.

Wards of the state will continually spend what is printed & given away without any regard to anything at all being produced.

It makes perfect sense from an accounting standpoint, until starvation sets in on the accountant ;-)

WSMassiv's picture

When you borrow money into existence then you also have to borrow money to pay the interest on the first set of borrowing.  Therefore there is never enough money to ever extinguish the original loan.  So in short the whole thing is a scam,  and most here tend to ignore this simple fact.

Get back on that hampster wheel now, and pay your taxes.


Bizaro World's picture

On the contrary my friend. MOST will be surprised, and unfortunately will be found wanting.


Antifaschistische's picture

and who actually believed that the "extraordinary" gimmicks would not have continued had the goons in Washington not reached an "agreement".   Those "extraordinary" measures would have continued for months/years. 

Occams_Chainsaw's picture

The new gov't math does not support your contention.  2+2= 8764537 trillion and it's all free. in the now.

Pool Shark's picture



Oh, c'mon; they only missed it by $4,300,000,000,000.00

I mean, nowdays that's just a rounding error...


smokintoad's picture

Iowa Senator Tom Harkin  once called a $6 billion dollar error "pencil dust".  So I guess this would be about the equivalent of misplacing your pencil.

nmewn's picture

This calls for yet another Blue Ribbon Panel to look into why the debt keeps rising despite the best efforts of our honest, forthright, elected officials.

I'm thinkin they should budget a measly billion for staff & panelists for this crucial, patriotic, one year mission. 

So, with that said, I nominate myself (because thats just how its done these days) as Chairman of this new, parasiti, errr, august panel.

Who's with me? ;-)


kaiserhoff's picture

Can we call ourselves Team Redskins, just for shits and grins?

nmewn's picture

Absolutely, I love potatoes ;-)

kaiserhoff's picture

If I wanted a job, I would sign up for the rewrite of the Scumbama Care Sign Up Program, because:


1.  I know squat about programming.

2.  It's a job sure to last until the Second Coming.

MisterMousePotato's picture

The Washington Redskins have capitulated and are changing their name. They are dropping the word "Washington" because it is too embarrassing.

nmewn's picture

Here's a good one.

The sap who's the MSM's "go to guy" on all things Redskin is not what he claims to be:

"The American Indian leader spearheading the campaign to change the name of the Washington Redskins is not a legitimate member of the tribe he leads, according to a New York State Assemblywoman, but rather an Obama crony who is raking in casino money and paying back only small stipends to his tribe members.

Oneida Nation Representative Ray Halbritter, who is also the CEO of Oneida Nation Enterprises, is not recognized in his position by the Grand Council of Chiefs governing the Six Nations Iroquois Confederacy. Halbritter is not a legitimate member of the Oneida tribe, Assemblywoman Claudia Tenney told The Daily Caller.

“He is not even technically an Oneida. There is not a drop of Oneida in him,” Tenney said.

Well now, what are we to make of this?

He does have high cheek bones, brown eyes & dark hair, however, he is NOT as he presents himself to be...not unlike a certain senator...who shall go

But close enough for progressives...the show must go on! ;-)

mofreedom's picture

me hate the red, taste like a mildew, me like yukon gold mashed.

Hulk's picture

I'm in, if you can get us retroactively furloughed for 3 weeks, with pay of course, 4 weeks of paid vacation, two weeks of sick leave and 1 week of actual work, per year!!!

nmewn's picture


And in my new position as Cracker-in-Chief, I name you First Consigliere of Cracker-in-Chief.

Man, this is pretty easy when ya think about it, a sweet little gig, no accountability and a billion Benny Bucks to split up between us...why...its almost like government ;-)

Hulk's picture

HULK:  FCoCiC. Hulk Like !!!

booboo's picture

Otard could mint a 20 trillion dollar coin and our chilen' would be rich. Sheeit, any ekonomist cood du maf!

nmewn's picture

Its maf made

Still say a platinum colored Yugo, with the engine blown, four flat tires, sitting in the parking lot of the Treasury, with 20 trillion spray painted in green on the side of it, would still serve the same function for them but who am I to argue with Princeton educated economists ;-)

European American's picture

I remember not so long ago, a billion seemed unfathomable.


How much more till the debt hits a quadrillion?

kaiserhoff's picture

Don't blink your eyes,

or you'll miss it on the way to a googleplexion.

CPL's picture

It's like Schrodinger's cat.  Nobody is quite sure, but it might already be a Quadrillion.  HOWEVER because the last number anyone reviewed is around 6 years old.  No one knows for sure.

While there’s no way of knowing for sure, estimates of the face value of all derivatives outstanding tops a quadrillion (1,000 trillion) dollars, or more than 14 times the entire world’s annual GDP. By comparison, the total value of all the stocks trading on the New York Stock Exchange is roughly $15 trillion. Indeed, the New York Stock Exchange itself is being acquired by an up-and-coming derivatives exchange.

That's a single country.  One country with less than 5% of the worlds population.  Guess what is going to happen to collect on that debt.

olto's picture


Schrodinger's famous cat would just outlaw the payment of this shit and let the chips fall where they may.

You are a bright bulb, Cpl, why not????

Thanks for hanging out here

CPL's picture

Actually the paradox would counter any decision made as the wrong one, until someone got off their ass and checked the box.  Then they could confirm the situation.

But since everyone is chickenshit of the real number of bad debt over 100 years, we are.  Debt crammed in every nook and cranny, lots of it forgotten over time waiting for some poor CPA to lift that rock and wreck his/her life.  And by proxy everyone else's. 

You have to understand that what is falling all over the place right now for people to see.  It is a tiny, minuscule amount of the problem of debt.  This is a debt over time with variable rates ranging from 0.5% all the way to 20+% from different congress time frames. . 

The economic horse shit the US government pulled after the world war 2 would make most people vomit.  Then the cold war happens, and it gets worse.  Then Nixon sells the USA to China, then it goes in the shitter two seconds later.  Which forces a price action...and more bailouts, not called bailouts.  They were bursaries given at the reasonable interest rates of 18-22%.  Then Carter (sigh).  Then Reagan (holy fuck).  Then BUSH (MEGA HOLY FUCK).  Then Clinton (he was zen master maintainer...still badly in debt)

All people are seeing is the tiny fraction of capital needed to hold back the Ocean of debt behind the dike over a six year span.  Did anyone really expect Obama to fix a 100 year old systemic problem?  No he was put in the situation by every man and women in the US government.  Not throwing rose pedals, just stating the obvious situation.  The money being printed right now is how the chips are going to fall.

The task is now to turn the word billionaire into something as common as broken glass in a parking lot. 

They'll print until Buffet is a broke ass slob like everyone else. If people believe in those large equity rich companies can hustle out of this.  LOL.  It'll only take one mistake in capital management to skullfuck them.  A single mistake with capital moving at this velocity, at this scale because of unintentional capital creation by sub 1% interest that eclipses the total GDP of half the countries on this planet.

That's the situation.  One fuck up in capital delivery or poorly designed billing not accounting for real world inflation...there goes IBM.  Another chain reaction in a market losing faith in USD...Google is embedded head first in the limitations of USD. 

Whole landscape littered with large, dead corporate dinosaurs.  Get the popcorn.  It'll be better than the Final five.  As this nonsense carry's on, they'll just print more.

olto's picture

Thanks for the summation, CPL,

I, now, understand why you used the famous cat. But still, why not just call off the derivatives----just make them the illegal immigrants that they are?

The show will go on. And maybe the reset will allow some to consider whether they want to continue living on this planet or not.

Most of the survivors will be ok once the dust settles----not talking about guns and gold----the real survivors that always make it---a sort of re-ordering of human genome.

At least something more interesting rather than all of this endless whining about every fart in the rain barrel

Fukushima could use some help

thanks for your input

CPL's picture

You know about the monkey jar trap? 

The jar's mouth is narrow enough to let nimble fingers slide through, but not wide enough to let a closed fist back out.  So a greedy monkey sticks their hand in the pot  and is trapped by it's own hand holding the treat.  Youtube is full of interesting video's on the subject.  You can watch all sorts of monkey's nearly tear their arm out of socket instead of doing the obvious.  Which is "Let it go".

Everyone, 7.199 billion of us, are standing around waiting for a bunch of greedy monkey's with all their hands in the jar.  All screeching at one another to let go first and fighting with the closest monkey about debt that will never be paid back.  How's that for amazingly stupid? 

How broke are they you ask?..well:

  • They are all so fucking broke if they robbed each other they would be practicing.
  • They are all so fucking broke if they stopped on a dime, they do owe it to someone. 

and the obvious.

  • They are all so fucking broke they can't afford to pay attention!


olto's picture

Thank you, CPL,

This is more how I understand it:

"They are all so fucking broke they can't afford to pay attention!"

I knew that it had nothing to do with the cat family.