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

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Wed, 11/16/2011 - 17:00 | 1884267 transaccountin
transaccountin's picture

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

Wed, 11/16/2011 - 17:09 | 1884369 CH1
CH1's picture

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

Wed, 11/16/2011 - 17:13 | 1884409 camaro68ss
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

Wed, 11/16/2011 - 17:27 | 1884508 defn8Dog
defn8Dog's picture

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

Wed, 11/16/2011 - 17:38 | 1884596 camaro68ss
camaro68ss's picture

will you take a credit card for my portion?

Wed, 11/16/2011 - 17:50 | 1884673 tekhneek
tekhneek's picture

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!

Wed, 11/16/2011 - 18:46 | 1884911 CompassionateFascist
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.   

Wed, 11/16/2011 - 18:54 | 1884940 trav7777
trav7777's picture

IT'S ALL BUSCH'S FAULT

Wed, 11/16/2011 - 19:01 | 1884968 Silver Pullet
Silver Pullet's picture

Too much beer?

Wed, 11/16/2011 - 19:09 | 1885001 Ratscam
Ratscam's picture

it's transitory!

Wed, 11/16/2011 - 19:17 | 1885027 BaBaBouy
BaBaBouy's picture

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

Wed, 11/16/2011 - 19:20 | 1885055 BaBaBouy
BaBaBouy's picture

Green Shoots ...

Wed, 11/16/2011 - 19:43 | 1885137 Hansel
Hansel's picture

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

Wed, 11/16/2011 - 20:00 | 1885193 nope-1004
nope-1004's picture

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

 

Wed, 11/16/2011 - 20:46 | 1885310 Manthong
Manthong's picture

Finally that's over with.

Now we can get down to some REAL overspending.

Wed, 11/16/2011 - 21:18 | 1885384 TheSilverJournal
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.

Thu, 11/17/2011 - 08:56 | 1886257 Absinthe Minded
Absinthe Minded's picture

@Hansel

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

Thu, 11/17/2011 - 11:38 | 1886945 Taint Boil
Taint Boil's picture

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

Wed, 11/16/2011 - 19:26 | 1885075 tmosley
tmosley's picture

He's referring to his life.

Wed, 11/16/2011 - 20:37 | 1885275 Taint Boil
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

 

 

Wed, 11/16/2011 - 19:06 | 1884987 Mentaliusanything
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

 

Wed, 11/16/2011 - 19:02 | 1884978 4 wheel drift
4 wheel drift's picture

roflmao.....

Wed, 11/16/2011 - 19:20 | 1885051 SilverDoctors
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/

Wed, 11/16/2011 - 20:41 | 1885302 SilverDOG
SilverDOG's picture

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

for $50/oz.

Thu, 11/17/2011 - 01:59 | 1885885 prains
prains's picture

fuck that's a lot of crack

Wed, 11/16/2011 - 22:16 | 1885483 hannah
hannah's picture

booyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Wed, 11/16/2011 - 18:47 | 1884915 Mark123
Mark123's picture

Sears Card?

Thu, 11/17/2011 - 17:04 | 1888973 Jena
Jena's picture

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

Wed, 11/16/2011 - 17:40 | 1884607 SHEEPFUKKER
SHEEPFUKKER's picture

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

Wed, 11/16/2011 - 18:02 | 1884736 SheepDog-One
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.

Wed, 11/16/2011 - 18:12 | 1884777 Greater Fool
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.

Wed, 11/16/2011 - 19:10 | 1885002 Fedophile
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. 

Wed, 11/16/2011 - 20:00 | 1885192 centerline
centerline's picture

So, how do the unfunded liabilities get paid?

Wed, 11/16/2011 - 20:09 | 1885227 Moe Howard
Moe Howard's picture

with unFRNs

Wed, 11/16/2011 - 20:31 | 1885280 whoisjohngalt11
whoisjohngalt11's picture

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

Wed, 11/16/2011 - 22:04 | 1885458 nmewn
nmewn's picture

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

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

Wed, 11/16/2011 - 18:13 | 1884768 tekhneek
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?

Wed, 11/16/2011 - 18:17 | 1884798 Greater Fool
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.

Wed, 11/16/2011 - 19:10 | 1884984 Dane Bramage
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).

Wed, 11/16/2011 - 20:03 | 1885203 centerline
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!

Wed, 11/16/2011 - 22:11 | 1885470 nmewn
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 ;-)

Wed, 11/16/2011 - 20:36 | 1885289 whoisjohngalt11
whoisjohngalt11's picture

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

Wed, 11/16/2011 - 21:25 | 1885398 GCT
GCT's picture

Yep but you cannot deduct it from your taxes!!

Thu, 11/17/2011 - 02:12 | 1885900 A Nanny Moose
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.

Thu, 11/17/2011 - 17:07 | 1888982 Jena
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.  

Wed, 11/16/2011 - 18:22 | 1884818 Grinder74
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.

Wed, 11/16/2011 - 18:55 | 1884945 trav7777
trav7777's picture

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

Wed, 11/16/2011 - 19:07 | 1884996 tekhneek
tekhneek's picture

agreed

Wed, 11/16/2011 - 22:14 | 1885480 TheSilverJournal
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. 

Wed, 11/16/2011 - 19:09 | 1884998 Hearst
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.

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