Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

Tyler Durden's picture

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US 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 US 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 US debt to nominal GDP as of Sept 30, 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%.

It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.

And now we wait for the US to become Spain, and add the estimated "contribution" from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.

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Tracerfan's picture

WooHoo, we're #1!!!  [in debt]

jubber's picture

I guess Moodys will be downgrading the US without delay....LOL

seek's picture

They won't be making that mistake ever again.

SickDollar's picture

Even the Debt gets a black friday and a Cyber Monday

MOAR hookers and blow BITCHEZ


Totin's picture

$18 Trillion and I didn't even get a lousy T-Shirt

Hulk's picture

I dont even have a clue as to what 18 trillion is...

1.8 x 10 to the 13th power. Unfuckingbelievable. and somehow, I think the responsibilty for it is going to land on all of us...

Tall Tom's picture

To give you a clue on the size of that debt...


You live through your One Billionth Second roughly at the age of 31.68 years old.


Since One Trillion is equal to One Thousand Billion then, 31.68 Years multiplied by One Thousand equals, yes, it would take you over 31,680 Years to live One Trillion Seconds.


If the USA were to have borrowed at the very slow rate of One Dollar per Second then it would take over 570,400 years to get to $18 Trillion.


It is an amazing amount of capital, isn't it?

Hulk's picture

There is no way this ends well...

Tall Tom's picture

I am sorry but it will not end well.


Our economy has suffered irreparable damage at this point. Cancer does that.  The Economy is currently on life support.


But the prognosis is terminal.


I am sorry.

goldhedge's picture

America Stronk !


no more banksters's picture

US debt held by the Federal Reserve at the end of 2013: A new record high!

Banksters “print” more money than ever!

kowalli's picture

more debt is good for economy

Dinero D. Profit's picture


"See, in my line of work you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda."

Bushism, 2005

MKD's picture

Ok so the us debt is 18 trillion dollars at 103% of gdp.

what gets me is the interest that needs to be paid.currently the interest rate on the borrowings is that is sustainable  on the 18 trillion dollar debt. what happens if inflation kicks in or the interest rate on the repayment becomes double at 4% or even higher.

currently the us government pays 230 billion dollars a year, just on interest(2013)

JustObserving's picture

That is why you pay $250,000 for a lunch with Bernanke over which he tells you interest rates will not rise in his lifetime.

stocktivity's picture

"That is why you pay $250,000 for a lunch with Bernanke over which he tells you interest rates will not rise in his lifetime."

I sent Bernanke an invitation to lunch and my speech...$8.79, I was planning to take him to Burger King. I thought it was a good deal and included my speech but he never responded. Fucking asshole...I spent alot of time on my speech.

TeethVillage88s's picture

Assumes you buy into US GDP number which include Rentier transactions which have no value added for Main Street.... and that you buy into the Accounting reported.

Should we count GDP derived from Federal Spending?

All Sectors; Credit Market Instruments; Liability, Level
2014:Q2: $57.539 Trillion of Dollars
Quarterly, End of Period, Not Seasonally Adjusted, TCMDO, Updated: 2014-09-18

orangegeek's picture

hey barry, you are a fucking disgrace!!!!!!!!!

stant's picture

Need Dow 18,00 debt 18t hats

readyforit's picture

When "enough" is not "enough"  Borrow moar.  Let them 'Publicans sort it out.

Manipuflation's picture

I'll pay you back on Tuesday.

Bohm Squad's picture

Makes sense, the hamburger forward offer rate has turned negative.

alexcojones's picture

As We working class heroes used to say:

"I owe, I owe, so off to work I go."

Working Class Hero: 40 Jobs in 40 Years
observer007's picture


your arrest in your new HOME!q=fema&t=text




noben's picture
noben (not verified) Dec 1, 2014 6:16 PM

Well, with PMs smashed down, it seems like a good time to buy some 18-20 Trillion Dollar Platinum coins then, doesn't it?

Alternatively, we could just pretend that $175 Trillion in Debt+Liabilities is backed 0.2% by our Gold Reserve of 8,500 Oz., resulting in $1,244/oz.  That way, the Top 0.2% is "covered".  ;-)

Seriously, if you wanted to cover the $175T total with the alleged 8,500 oz of gold Reserves, you'd better make gold be valued at > $500,000/oz.  Seems ridiculous, but no more ridiculous than the fiat Debt that the American Monetary and Banking Ponzi has created.

Zorrohodge's picture

8,500 tonnes which would make $63k per oz

Senduko's picture

We spend some folks?

oddjob's picture

We outspended some folks.

Dinero D. Profit's picture

"It's important for us to explain to our nation that life is important. It's not only life of babies, but it's life of children living in, you know, the dark dungeons of the Internet."

Bushism, 2000

joego1's picture

I'm not paying some folks.


Holy USA Chapter 11, Batman.

NoWayJose's picture

Sleep comfortably tonight knowing that there are only 18 Trillion other claims ahead of YOUR Social Security and Medicare 'entitlements' .

venturen's picture

Don't worry they plan to have negative interest then we will be making money!!!

cowdiddly's picture

Thats what happens when you throw the budget out the window and start spending money like its coming out of a purse instead of a wallet.

Wayda go, obama and your congress you will go down in history as the biggest incompetent idiots ever to grace the hallowed, er, hollowed halls of gov't since Commodus, and I hope they name a bathroom fixture after you too.

Iambic PentaMaster's picture

Obama makes Nixon look saintly -- practically deifies him -- by comparison.

Fox-Scully's picture

Not my debt--I paid my taxes, therefore, it belongs to somebody else.

Blood Spattered Banner's picture

Technically this is our debt, since our income tax dollars were used as collateral; a co-signor if you will.




silverer's picture

That's the "hope" part of the "change".

Edward Boothe's picture

Obama's intentions have been to destroy the United States of America and the white people who built every since he was a boy.

Bankrupting it works just as good as anything else.  The Congress is afraid to impeach him because he is a Negro.

klockwerks's picture

I might add that he is doing a great job of it. So many do not see that has been his goal from the start. He now has 2 years to finish us off and then retire on our wealth. So sad that most people would never believe that

Ginsengbull's picture

They are afraid to impeach him because Joe Biden.

Dineroguru's picture

"If you like your deficit you can keep your deficit".  Barry speaks the truth for once....

Lea's picture

Does anyone understand the amount? A staggering 18 TRI-LLIONS! It's totally bonkers, unheard of!

Thankfully, it's not in physical paper. Otherwise, the 325 million Americans would have to be relocated in, say, the vast expanses of Siberia to make room at home for the stacks of bills. 

What on dear earth does any country spend that kind of money on? What, precisely, is the gigantic money hoover? The Pentagon? The Congress? Who spends all that dough, and on what? If there was a shred of honesty, an audit of public expenses would be in line.


silverer's picture

I always tell people: Go out your front door. Look around at things that people put there: Roads, telephone poles, homes, buildings, cars, curbs, sidewalks. All that stuff. Now ask yourself the following question: What did the FEDERAL money buy? Well, maybe a little bit of the roads. Phone poles? Private. Homes? Private. Businesses and buildings? Private. Cars and trucks driving past? Almost all private, except for the police cars (mostly local taxes, or state). Get the idea? What TANGIBLE things have come back to you for 17 TRILLION dollars? If a private company had that to spend, you'd be driving past their billboards every 200 feet.

TeethVillage88s's picture

Hidden Global Spy-MIC Octopus for covert & Overt Ops and Perpetual Spying and passing Financial Info. Direct payments to UK, NATO, Germany, Japan, South Korea, Australia.

Proxy Spies, Proxy MIC Corporate Contracts, Foreign Agents-Entities-Officials, WTO-IMF-WB-OECD-G20-UN-UNESCO Banking Investments... Bases in 400-700 Countries means greasing all of those Players.

But chances are 50% of professional Americans earn wages from Government Contracts or work for the Federal Government or Military. AT&T is government Contractor, GE, Google, Facebook, Yahoo, bunch of Engineering companies, Oil Companies, Construction, Logistics, Military.

Plus there has to be Fraud, Waste & Abuse... Government giving away money, Subsidies to Corporations, Bank Contracts.

Dinero D. Profit's picture


Nice rant!.....



Ginsengbull's picture

No private companies have that to spend, but many of them have that to loan at interest.

Tall Tom's picture

It was spent on weapons. Do you think that B-2 Bombers are cheap at $2 Billion each? We only made 16 of them. Do you think Aircraft Carrier are cheap? What about those Nuclear Subs?


Tanks, Planes, and Patriot Missiles at $1 Million each are not cheap. Everytime that I watch one head off into Iraq I said to myself, "Yes. There goes 10 people's retirement check."


It was spent on the Militarization of the Police Force, Lawman.


It was spent on Social Programs. It was spent on Health Care. Pharmaceuticals.


It was spent on Oil.


An audit would not uncover anything too shocking. Besides it would not retrieve or recover any of the fraudulent expenditures.


WE are doomed and there is no fixing it.


I know that you want justice served. Don't you believe that I do?  (Both you and I are a lot alike in that respect. It is somewhat funny as people like us have the same basic personality. We end up serving as teachers, preachers, psychologists and cops.)


I am really sorry about this.