$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion

Tyler Durden's picture

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transaccountin's picture

very sad day.country being destroyed by the few. no surprise really; the poor and middle barely hanging in

CH1's picture

True. Time to ditch the system and build our own.

camaro68ss's picture

Happy debt day everyone! I need to make a $16 Trillion hat for July 2012. I have six months, better get working

defn8Dog's picture

If we split the tab, that's just $48,100 for each of us. 

camaro68ss's picture

will you take a credit card for my portion?

tekhneek's picture

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!

CompassionateFascist's picture

Before we get all excited, let's just make sure they got the math right:  .30 + .02 = 32 cents. No problem with my share. On a related matter, Zero is now sending 2,500 US Marines to...Australia. To fight the Cane Toad invasion. Or something.   

BaBaBouy's picture

..........................................................................................................Peanuts.So.Far...

Hansel's picture

WE FUCKING DID IT!  $15,000,000,000,000!

nope-1004's picture

When I was a kid, 15 tril was alot of money.

 

Manthong's picture

Finally that's over with.

Now we can get down to some REAL overspending.

TheSilverJournal's picture

$15T is the generous number. It doesn't count what the gov. is on the hook with the banks for, state debt, muni debt, student loans that the gov. is on the hook for, unfunded liabilities, etc.

Absinthe Minded's picture

@Hansel

You missed three zeroes, no big deal, just a gubmint rounding error.

Taint Boil's picture

Try Google It looks ok to me you stupid American educated fucktard.

tmosley's picture

He's referring to his life.

Taint Boil's picture

 

 

Trav74 

Yeah, actually you are right Busch Bush #2 is number 1 and Obama is number 2 and not to leave out Bush #1 at number 3. But hey all that doesn’t matter … what really matters is what Drudge and Fox News say.

 

edit: Well not counting WWII. And ..... Reagan #4 LOL just saying

 

 

Mentaliusanything's picture

Troops are too give China a sabre to rattle.

Indonesia is really pissed off he by passed them.. after all, being Blood and all that.

President promises that Australia to get a base on American Soil the day America pays off it debt in full.

Looking forward to that..... aren't you

 

SilverDoctors's picture

Apparently Blythe and JP Morgan celebrated by adjusting 1.1 million ounces of silver into REGISTERED VAULTS, effectively TRIPLING their registered silver supplies overnight!

Also pretty interesting that 1.4 million ounces of registered silver is "unavailable for delivery" over the MF Global theft, and suddenly JP Morgan shifts 1.1 million ounces into registered overnight.

http://silverdoctors.blogspot.com/

SilverDOG's picture

...and the 300,000oz silver bar goes to... US Mint? 

for $50/oz.

prains's picture

fuck that's a lot of crack

hannah's picture

booyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Jena's picture

uhm, how about a check for mine?  oops, forgot to sign it, damn!

SHEEPFUKKER's picture

Can I borrow the money interest free to pay my share?

SheepDog-One's picture

'Your share' if your are a taxpayer is now $1,034,000

U.S. National Debt Clock : Real Time

Lower right hand corner.

Greater Fool's picture

No problem. I can easily grow my way out of this. I'll get, say, eight or ten white-collar jobs, then outsource all of them to India and collect the spread.

Fedophile's picture

You seem to have mistaken debt for unfunded liabilities. Either way you are both wrong, the real number is debt per tax payer or $133,344. 

centerline's picture

So, how do the unfunded liabilities get paid?

whoisjohngalt11's picture

yes i think the Tax payer debt much more germane..

nmewn's picture

I refute the "democratic principles" under which it was imposed.

I'll see em in court...or elsewhere ;-)

tekhneek's picture

Actually, you can use a credit card to help "pay down the national debt"

https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454

And I quote:

Welcome to the United States Treasury's 

site for making donations to help reduce the public debt.  If you would like to make a 

donation, please fill in the required fields

and click the Submit Data button when 

completed.

LOL.

Hold on a minute though (hypothetical here): If everyone maxed out their credit cards at the same time through that form to pay down the national debt would the debt be 0?

...or would the debt become 30 trillion because that money was borrowed into existence to pay down already borrowed money?

Someone else please explain?

Greater Fool's picture

The national debt would be zero. BUT all of our credit scores would go to zero, banks would go belly-up left and right, and several pension and sovereign wealth funds would incur spectacular losses.

To save us all, the Treasury would undertake a 15 trillion dollar stimulus.

Lather, rinse, repeat. See also: the European banking / sovereign / banking / sovereign / banking etc crisis.

Dane Bramage's picture

National debt is a misnomer, at least for the uSA.  There is no national government.  "Public debt" is also a stretch.  That $15 trillion is FEDERAL debt.  And, seeing as how they've subverted their charter (USC) in innumerable ways, not the least of which is the currency itself (got bills of credit?), they are a rogue agency and should be treated as such (w/extreme prejudice).

centerline's picture

That might explain the lien held against the treasury to almost the exact amount of debt!  LOL.  Just like a corporation.  Move #1 after getting the gears in motion is the file the lien!

nmewn's picture

"Public debt" is also a stretch.  That $15 trillion is FEDERAL debt."

Number five greenie is mine, I don't spend them very often ;-)

whoisjohngalt11's picture

The Irony wow--That's Beautiful .....

GCT's picture

Yep but you cannot deduct it from your taxes!!

A Nanny Moose's picture

This would a fascinating experiment. I think we should take it viral. Xmas day, we all gift eachother the premise of full payment of US debt, by maxing out our credit cards.

See where it goes from there.

Jena's picture

Oh sure.  We'd do it but there's always some bastard who'd hold back and mess it up for the rest of us.  

Grinder74's picture

What would be great is if the Treasury would offset a person's student loan--who has made on-time payments for at least 7 years--against and up to the per-person portion of the debt.  For instance, my 32k gets offset against that 48.1k; I get to not make $300+/mo payments anymore and the govt no longer has that much in outstanding Treasurys.  It may be a drop in the bucket as far as the national debt, but that could be one hell of a stimulus for consumers.

trav7777's picture

fuck you; I paid my loans.  Pay yours or give me the same benefit you get

TheSilverJournal's picture

"That could be one hell of a stimulus for consumers."

Stimulating the consumer is exactly what we don't want. What we want is to stimulate the saver because savings is where the capital comes from to produce goods. It's savings and production that drives an economy, not spending and consumption. 

Hearst's picture

Unfortunately this bunk system rewards moral hazard.  I say wipe the slate clean.  ALL debts, paper, and electronic currencies go to ZERO.  Fresh slate.  Re-introduce Gold & Silver as common currency.  Done.