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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p00k1e's picture

I feel.... collateralized.  

Atomizer's picture

Ass raped rehypothecation. Correction.

Downtoolong's picture

All investors in U.S. Treasury Securities be advised, I’m planning to default on my share.

Hamm Jamm's picture

is it Racist to say he wrecked the economy ?   lol 

DOES anyone actually like Obama ?   hello wookie ... yes/no ... 

nope... pretty much everyone on this green earth hates his slime stinking sellouts guts ...   



p00k1e's picture

Some of this debt is your neighbor’s pension.  They took the bailouts.

Do you know anyone receiving Social Security – they are the ‘obligation’ or debt.

We can’t afford police and prisons anymore, all are financed. 

Undercover ISIS operatives are all around, we can’t afford to keep them out.  

jomama's picture

because there's a direct correlation between the teleprompter in chief and Fed policy.

10mm's picture

Well for one, police over rated.  Unless they are detectives or extreme pro active street cops. Not the case. Second, ,prisons a mere buisness.

New_Meat's picture

I do so love the $0.28 at the end of that line.

damicol's picture

That my friend, Is MY part of th debt.

Keep your eyes off those lase two numbers.

newworldorder's picture

Only one thing matters.

The perception domestically and Internationally that the economy and government is able to service the cumulative debt as it comes due.

IF this confidence crashes and the US Navy can no longer keep the trade lanes open for business, - it will be the economic end of the world as we currently know it, as well as the US fiat system.

p00k1e's picture

The ledger needs a little balancing.  Euthanasia for the non-producers (poor and aged).  We keep the navy afloat.

Yes_Questions's picture



his name was newworldorder


and we miss him ever since the shipping lane closures of 2015.



Solio's picture

The problem with the trillions that were given to the bankers is that the money was paid to get them out of the trouble that  THEIR FRAUD SCHEMES caused and The People that DID NOT cause the problems have to PAY INTEREST on those trillions$$!!

If we are a nation of laws where is the Justice?

litemine's picture

Justise is served to the Rich as they have different rules for them.

Financial Markets cover this up but when a News Story Breaks and some Elite breaks laws they never pay the price such as main streeters do. It has at least two tiers of Laws......Until this system breaks, the wealth stolen from the General Population it will continue, and the debt increases .

When Russia did not Comply and the talk about cancelling the US treasuries  they held forced Russia to rethink their system. Trade now outside of the $US. may in the future cause lives lost in a Battle that enriches the Bankers. We the people......will fall again so they can eat and drink values that we dream about.

The system is wrong yet blidly we follow. Quite sad really. History will be wrote to protect them, those with their eyes open will have some explaining to their offspring when they through debt are Slaves to this corruption for Life.

yogibear's picture

Eric Holder took care of the Just-Us gang.

Bumbu Sauce's picture

Bright, Clean, Articulate...It's storybook man!

Atomizer's picture

Exend Halloween sales to Black Friday Thanksgiving, extended sales to Christmas sales losses.

They may need to start on July 4th to trash 2015 end of year sales forecast.


The video brain image and DNA has significant influences.

Yes_Questions's picture



on a long enough timeline, US debt is unserviceable.


queue up von braun's aliens, terraists are so last decade and we'll need another straction.  


get to work, pentagon!

p00k1e's picture

Of course.

But has the grandmother of the last man in the debt pool even been born yet?? 


Yes_Questions's picture



question is has the queen that hatched the gene pool that brought us this misery been targeted for extermination yet?


but i get your point.



Millivanilli's picture

The exponential function says:  I TOLD YOU SO.



Atomizer's picture

Wait until the interest rates spike up.

Otrader's picture

Whatever happens, the taxpayers will take it up the a$$.  We have no voice, representation or influence at the moment. 



Usurious's picture
Usurious (not verified) Dec 1, 2014 10:06 PM

End the USURY

litemine's picture

Where do you get interest on savings? Usury (temp) is dead.

 It's only after the system has been milked dry will Interest rates spike. Taxes as well will increase this time  to finance the Next War. The system is broken, yet it takes time for the elite to bail out, Then Watch Out.  

It's after the 20:00 Hour of this day.  Do you know where your gold is?

jay28elle's picture

Some fads just will never fade.

graveheart's picture

The inevitable war that will come from this is probably why they are opening the borders up. Replacements.

Moccasin's picture

Obama apologists.... in fact all political apologists appear to me as gas lighters, grifters, scum of the earth, traitors that pay lip service to ideals... the only other thing on Earth worse are the people that believe them.

gimme-gimme-gimme's picture

In other news, Tyler pisses in man's cup and claims it's lemonade!

It till be up another 140% for the next poor sap that gets to be President too.

Go look at the long term chart of USA debt and it makes a nice hockey stick.

Seems like Zero heads is subcontracting this shit "reporting" to the useless MSM skin bags at FOX news.

Duc888's picture



Hey man, ummm money well spent here on the WOT.


"“There is a clear divergence of purpose here. Watching ISIS operate, it is clear they have received far superior training than that given the Iraqi Army, training the US spent several hundred billions dollars on. The secret training camps in Jordan, established three years ago but now “gone dark,” are staffed with elite Special Forces. There is strong evidence that the core of ISIS capability is tied to these bases in Jordan and “black budget” facilities known only to the likes of Senator John McCain, soon to take over as Chairman of the all-powerful Senate Armed Services Committee.”


Makes perfect sense to me.  Not.

"Reports from Pentagon insiders tell of a strange and inexplicable “bifurcated” US policy."

Nothing like a great euphemism, eh?

We're spending billions fighting ourselves...  Kewl.

..."several hundred of billions" of dollars?  Wow.  Yup, no fat in the budget there.




secretargentman's picture

$18 Trillion eh? Well I didn't vote for it, and I'm not paying.

steelrules's picture

This Sh#t keeps going as long as people pay taxes.

bunnyswanson's picture

Actually ... they do not call them predatory loans for no reason.  This is war.  The collateral behind this debt is the land, its resources, including human resources and treasures.  The bankers have orchestrated the collapse of the USA without firing a bullet.  They'll turn the citizens on each other when the time comes (oh! it's ~here~).  Tax evasion comes with hefty penalty and the future will see Americans hunted down, charged with tax evasion, arrested and sent into prison labor camps.  I would have to say that for reasonable men to have let this transpire, there must be a threat (Samson Option) hanging over their heads, or they are infiltrative double agents, seating in high offices.


This is not just a conversation.  You will suffer immensely whether you are fully self contained and have everything covered.  I believe they are going to get what they want or devastate the entire planet through activation of nuclear devicies strategically positioned through all NATO countries but one.


There is no other explanation for how we got here than the Samson Option, I believe that.  I also believe the holocaust (in its many descriptions) was an inside job, coordinated by the same people in order to gain public approval (this tells you how important public opinion is).


steelrules's picture

I believe as you do, but I would say to you; they can't arrest everyone.

The "Samson Option" is a possibility but it's also insanity, with it they destroy themselves as well.

polo007's picture

The Exchange with Amanda Lang | Dec 1, 2014 | 7:30

Crude and currency

Economist Jim Rickards weighs in on the impact of low oil prices on currencies

chicago76's picture

I do not believe anything this admin says.  They are liars and frauds, all of them.  Who knows what the debt really is?  They have been taking debt off the books for the last 2 years.  New accounting methods.  The kind of accounting methods that would put us in prison for years.

MiddleClassWhiteBoy's picture

LOL.........yeah just like they've been using the 11-12 million illegals number for the last 20+ years.  More like probably 50+ million illegals in America now.  America has become a joke!  Seriously, especially as a middle class white boy I have no loyalty to this country anymore.  It's done.  This country can only take from me and give to those less deserving.  If war broke out between the USA and Russia and Russia offered asylum to my family and children plus 50-100 acres of farmable land I'd move in a heartbeat and fight my own country.  Sad to say........but that's what America has come to mean to me..........nothing but sh@t!  Even the Rand Pauls of government are sell outs.  He's a joke!  His father (well arguably that one giant sucking sound old guy) was our last great hope for this country!  And look how he was made to a feeble old crackpot. 

Oldwood's picture

Our loyalty should always be to ourselves, to that which extolls or supports our values. It could be country, possibly state or county or even your race. For many it comes down to our family and even that can be tenuous. Many find themselves completely alone, loyal only to themselves and not really even knowing for sure what that is, what IS in our best personal interests. We are inclined to believe it is about the now, the most immediate interests as those are the easiest to understand, but honestly, the immediate is almost always the enemy of our future long term interests.

So consider your loyalties carefully.

But one thing is certain and that is that our government, our leaders, are NOT considering our best interests, only their own.

Think defensively but always be prepared to act offensively.

ArmaG3don's picture

So if money equals debt in fiat fantasyland more debt means more money, right?

Incubus's picture

''I didn't accrue that debt."


Sowwie pols. 

JoJoJo's picture

A government shutdown is not a shutdown when 17 percent of gubmint workers stay home - and e eventually get paid anyway. Without some kind of gov slow down, O's debt triples.


jubber's picture

Dax back over 10000, Shanghai new high. Nikkei new 7 y high SMI new ATH .....DOW new ATH   just fucking crazy

scatha's picture

Their logic. Debt that needs not to be paid off ever, is pure cash. Logic of ubermensch.

They live and they are here in crystal cathedrals. How to recognize them from humans?

To be human is to pay off ubermensch mofos their debt.

viedoklis_lv's picture

Merkel destroys Putin and it's regime:

"Merkel interpreted Putin’s behaviour. “I understand why he has to do this — to prove he’s a man,” she told a group of reporters. “He’s afraid of his own weakness. Russia has nothing, no successful politics or economy. All they have is this.”"

Kina's picture

How many USD per ounce of gold is that???

CHX's picture

That's 3200$ per ounce for ALL the gold ever mined:

18 000 000 000 000 U$ / (175 000 metric tons * 32150 troy onces) = ~3200 $ per ounce.


For the 8100 metric tons of US gold - supposing it's all there - that'd be:

18 000 000 000 000 $ / (8100 mt * 32 150) = ~ 69 000 $ per ounce,


For 8100 metric tons and all the official unfunded liabilities (see usdebt clock) thats

115 700 000 000 000 /  (8100 mt * 32150) = ~ 444 000 $ per ounce


Debt backing with gold - bring it on.