This page has been archived and commenting is disabled.
$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion
Too sad for commentary, but here is some math: total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president.
(as a reminder the most recently updated debt ceiling is $15.194 trillion)
»
- 36355 reads
- Printer-friendly version
- Send to friend
- advertisements -
The world needs ditch diggers, too
Will you take a credit card for my portion?
Millions are for wusses, trillions are the NEW breakfast of champions.
If you tie the 15 Trill together you can build an economy to nowhere.
exactly...
Stop your traitorous whining!! All of you!!! Do your duty and give to Uncle Sam!!
Hey Warren Buffet, I'm talking to you, you piece of shit. Click here and donate your illgotten loot. https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454
that's the question: you must divide into the people that REALLY GENERATE THE DEBT, SO BASICALLY MILLONAIRES AND VERY RICH PEOPLE, 1% OF POPULATION:
15,000,000,000,000/3,100,000= 4,838,700... per millionaire US citizen, SO NOT A BIG DEAL REALLY....
THE PROBLEM IS THAT POLITICIENS THINK (WELL, NOT REALLY THINK, JUST IMAGINE) EACH US CITIZEN MUST PAY 48,387 USD, EVEN THE POOREST, IS FOR THAT THEY ARE COMPLETELY WRONG AND WHY ECONOMY IS BAD. JUST A MATTER OF PERCENTAGE OF THE POPULATION...
inappropriate username
99% are workers, so "productive people", not "DEBT GENERATORS" AS THE 1% VIP...
You think 99% of Americans are working? And in productive jobs? lol, we're done here.
Could be... in 200 years... but you think 1% are SOOOOOO PRODUCTIVE, that other 99% must work for them for penny salaries? dont laugh please!
if you dont have a car, not a house, not medical care... your debt is ZERO !!
More you are RICH, more you NEED to USE DEBT Financial, and more you need to stole to others...
Where did I say anything about productivity? You need to wake up. Advocating the government steal more money from people, regardless of how much they have, is not going to fix anything.
+15Trillion!
ah is that figure inflationary?
Nothing a VAT tax cant fix. :(
As most of us know here, IRS could take 100% of EVERY PAYCHECK OF EVERY AMERICAN and this liability (an asset if you can get Goldman to cook your books ala Greece, Spain, Portgual, etc. etc) wouldn't be covered - let alone the unfunded liabilities and off-budget amounts not considered in this number.
The Republican candidate for POTUS (aside from Ron Paul), current POTUS, and Super Duper Fantastic Committe are, as Ron says, tinkering on the edges of cutting projected baseline increases over periods of time that will never come.
For all Ron Paul haters out there, you may want to look up Minksy Moment. Hell, I will look it up for you -
A Minsky moment is when over-indebted investors are forced to sell good assets to pay back their loans, causing sharp declines in financial markets and jumps in demand for cash.[1][2] In any credit cycle or business cycle it is the point when investors begin having cash flow problems due to the spiraling debt incurred in financing speculative investments. At this point, a major sell off begins because no counterparty can be found to bid at the high asking prices previously quoted, leading to a sudden and precipitous collapse in market clearing asset prices and a sharp drop in market liquidity.[1]
Sounds likes the Euro and DOHllar and any suckers who trades in these currencies. Hope those pennies are shiny in front of the steam roller. Now, who wants to buy some non-performing Fannie Mae/Freddie Mac gift wrapped collaterlized baby poo from JP Morgan? Treasuries, get your treasuries here.
Dont forget. Romney will get the republican nomination for 1 reason. He has been saving his nut for this moment all of his life. After he gets the nom, he must release 30 years of tax statements. Nobody is going to vote for a conservative billionaire that has been paying an effective 12% tax rate. Most single moms pay more than that in true federal income taxes (not including the payroll-ponzi taxes)
This is all a part of the plan. The establishment runs both parties. They have decided that there will never be a one term president again of either party. Warren Buffet does not play dice. He was the largest shareholder of Coca Cola when he under wrote the pepsiCo billion dollar giveaway. They literally had chimpanzee roll the dice. which of course did not pay out, so uncle warren pocketed the premium risk free. (and probably tax free)
To be more clear. 2012 election. Romney=Pepsi. Obama=Coca Cola.
http://en.wikipedia.org/wiki/Pepsi_Billion_Dollar_Sweepstakes
Ron Paul or 4 more years of Obama. Which is to say 4 more years of TPTB that have done so well for us recently... they will keep this game going as long as it takes.
Surely you mean debt "goal"
Mo money!
Mo money!
Mo money!
i am 54 yrs old....for 51 yrs we talked millions...from year 52 to 53 we talked billions...now yr 54 is trillions.....at what year do we get to quadrillion?
its coming to a bankrupt country near you..sooner than later.
if you included derivatives, we are there!
One day, in the not too distant future, Uncle Sam had a child and they named him Quintillion.
You celebrate because qunitillion will shortly be followed by SEXtillion!
Personally, I want to see the sextillion dollar note. It would have to be like a mad magazine. When you fold it, it becomes the most dirty picture you've ever seen, and it'll show "sex 10^21"
at any rate... it ought to get you some pussy...
Quadrillion already happened:
http://www.stephenkinsella.net/2008/09/04/cheque-for-a-quadrillion-in-a-zimbabwe-bank/
You missed by a few years, but your correct.
Millions jumped the shark about 10-12 years ago, right around the time of the famous Chaney quote, the billions became passe in March 2008.
Its all been down hill ever since. I personally only work in quadrillions now.
Happy sledding to all, and to all a good night!
smlbizman, we will hit quadrillion before you get your first worthless social security check.
55
About half-way through year 54, which looks to be around March 2012.
I say the same thing...but I am only 9.
but but the phd keynesian economists told me that deficits dont matter and that overspending will bring us back to prosperity
it truely is sad that college students pay ridiculous tuitions and take on mountains of debt to learn this bullshit economic theory
They're trying to build a prison,
They're trying to build a prison,
They're trying to build a prison, (for you and me to live in)
Another prison system
Another prison system
Another prison (for you and me)
http://www.youtube.com/watch?v=jAJi-W9o7uU
Did you have to go and remind me?
Debt is wealth! Poverty is bliss!
Blessed are the poor.
Not my own opinion though.
"Thats as good as money, those are IOU's. Go ahead and add it up, every cent is accounted for."
Loyd
http://www.youtube.com/watch?v=7GSXbgfKFWg
We might want to hold on to the one for the lamborghini
Congratulations!
I'd just like to thank the Federal Reserve and FIAT system, I mean, we couldn't have done it without you.
I'm forgetting someone.. I know I am.
Woodrow Wilson ?
Hitler?
Had Hitler won, BernankeBlankfeinGreenspanFuldSummersRubinKrugman and Co. would not be with us. Thanks, Adolf.
He was a bastard child of an Austrian Rothschild. No Rothschilds ever saw the inside of a Freedom Through Labor Camp.
Richard Nixon ??
FDR. The New Deal has matured.
Alexander Hamiton. The seed tentacle was implanted long ago.
Hamilton was a nationalist who emphasized strong central government and successfully argued that the implied powers of the Constitution could be used to fund the national debt, assume state debts, and create the government-owned Bank of the United States. These programs were funded primarily by a tariff on imports and a highly controversial excise tax on whiskey
Although there are at least 4 things in that short paragraph that should piss you off about the original Bilderburg/Rothschild plant, the one that gets me the most is: A tax on whiskey, a truly treasonous act if their ever was one.
a whiskey tax?!?! BLASPHEMY!!!
not that ?? Jews then ?
Keynes
Sorry, had to downvote Keynes on principle. Otherwise I'd upvoted you.
Carleton Sheets?
mr. drysdale?
Did you remember to thank your mom and dad? After all, none of this would have been possible if they didnt believe in the dream of medicare and social security.
Believing in dreams is fine.
But voting to extort wealth from others is wrong. It's beast-like behavior.
And it's the only thing democracy has going for it.
GUMBY DAMIT!
Damn. I better get back to shoveling coal to pay this down before it gets out of hand!
not to fear...the "super duper" committee is here
Yep....to cut govt payouts to bare-bones.
Oh, so someone thinks the secret Uber Congress is there to fix things and hand out more money to the public? Whoever downvoted that is in for a real rude awakening quite soon.
A thumbs down may just be more of a reflection of not liking the reality, rather than disbelieving it.
Wouldn't it be hilarious if the first "cut" by the SUPERCOMMITTEE was to all NON-12 Congressional members of the committee?
Did I say 'supercommittee'?... I meant 'politburo'... Sorry...
You may have missed the memo, they are now called the Super FARM Committee as they are writing farm subsidy legislation now.
It's only zeros
ooooooooooooooooooBama
Zerobama?
I see bullseye's, is that weird?
Stop with the eliminationist rhetoric. Only liberals can do that.
Owebama
Numbers with four commas and a decimal place don't compute.
Well, good thing they've got two decimal places then. It's significant!
Si se puede!
Si se puede!
YAY SOCIALISM!
USA! USA! USA!
Eruzione SCORES!!!
No? This isn't like that...?
Fine I will say it. Gold is a dirty pirate hooker. It should be up 75 bucks today. Forget the deflation crap. The canaries were dropping dead all over europe today.
Keep buying physical. Some day the paper manipulation will die and it will be clear that the current low prices were a gift to all who recognized it.
You say dirty pirate hooker like it's a bad thing.
Arrrrrrrrr!
tremendous reply
Bolweevil - 1
Fonzanoon - 0
Forgive my language but...shit...
DavidC
Protip: If you're going to bother, at least add emphasis for dramatic effect.
shit
See the difference? ;-)
Not counting all of the other unfunded liabilities either.
The only way to get this under control will through PAINFUL CUTS in government spending. The ONLY way. We have had promises, many times before, of "we'll raise taxes and cut spending" only to see the taxes go up and no cuts in spending. There never seems to be ANY political will to cut spending, not even from the "R" team.
Has .gov EVER cut spending year vs. year in modern history? I don't think so, but please correct me if I am wrong.
It's the spending, stupidz!
Looks like the answer is yes, but only due to massive increases during the world wars.
http://www.usgovernmentspending.com/spending_history
Looks like were due for the BIG ONE
http://www.youtube.com/watch?v=HVGg_5grOTg
If only we could reduce the budget by 1 Trillion dollars, in one year, ...
And balance it in 3? Damn, I wish someone running for President would propose such a thing. But I watch all the mainstream media coverage of the election and apparently there is no one with such a plan.
Huge recession if you do that.
Gotta grow.
The most predictable financial crisis ever. Banks will go bankrupt unless they lend trillions to insolvent countries with cradle to grave entitlements and retirment at 50. The US is completely powerless to address any meaningful issue. Its so sad.
Powerless? Why they've done everything in their power to get us here.
Criminals do not have the capacity, let alone the ability to provide efficient goods and services. What they do instead, is to create a facade and skim off the difference to their pockets (and their benefactors).
Which, of course, is why this is all so predictable. You don't have to be smart in order to be evil, only loyal.
Can we write you a check?
Aye.
Check, with a cash advance on the Chase credit card, and another home equity loan or two.
No Problem. But you can't deposit it until the um.... errrr... uhhhh.... the Sabbath of the Feast...
Public debt? I don't remember borrowing 15 trillion. Oh wait.....I forgot about all those cruise missiles I ordered
Looks like they missed some punctuation on the chart labels. It should read:
Total Public Debt?
Outstanding!
Or the free condoms. Or the government funded abortions. Or the free hospital visit. Or the study of how shrimp run on a treadmill. Or the subsidizes for ethanol I ordered. Or the..
"Offical" debt is $15T. "Total" debt is at least 4x larger depending on who's figures are used.
congratulations. We have made it.
Tyler, forbes is calling you astute...http://www.forbes.com/sites/afontevecchia/2011/11/15/is-gld-really-as-good-as-gold/
Interesting follow-up to that story about the bar's owner.
http://screwtapefiles.blogspot.com/2011/09/zero-hedge-zj6752.html
I think Nancy got stopped out today. She will have to go short tomorrow
nice work, keep it up :)
ABSURD.
LUDICROUS.
INSANE.
USA Makin it rain!
http://www.youtube.com/watch?v=9_asu7n6QUc
are those them green shoots over there?
Not "green shoots": overshoot.
nothing severe austerity can't fix!
One person's debt is someone else's asset. Unfortunately, this debt is never going to be paid back. Party on!
We're not gonna take this shit lying down, are we? We're Americans, aren't we? Who wants to fight these fuckers with me? C'mon....let's go!
Be with you in a moment, just got to finish the next level of MW3 on the games console.
Was it over when the Germans bombed Pearl Harbor...Hell No!
Time for 'double secret probation'...
What about the OBS items? Probably several times that large in reality.........
As if it really matters....
Millions of hedge funds dumped equities today in order to "flee" to Treasuries and U.S. Dollars.
LOL, then theyre all idiots...trying to hide under 1 of 3- A 20 lb sledge hammer....a giant Acme anvil...or a grand piano suspended by packaging twine.
I used to go with the wrench... WHY?... Because 'fuck him' that's why...
http://www.youtube.com/watch?v=92D15qtI_Gk
Yup running towards the burning house.
Yea the $15 trillion means that the world has faith in us to lend us that much
for those who doubted me before. in his own words: "millions of hedge funds"
robottrader: lowering the bar one rung at a time each day.
JUBILEE!
JUBILEE!
JUBILEE!
+ 1
That word again...
Fimbulwinter!
A giant Pretend Account, managed by politicians with no skin in the game and much personal favor to gain, year after year after year. Without significant ramifications for excess debt, this is what you fucking get. There is no out of bounds. What we know as 'value' could get crushed cause they refuse to fix the big fucking hole in the boat....where the water is rushing in....print up money and make it go away with Accounting Magic.
Now that it's physically impossible for the U.S. to pay back its debtholders EVEN IF IT WANTED TO it's time for a inexplicable, completely out of the blue USD/treasury ballbusting rally for the rest of the month. In the words of Samuel L. "Yes they deserve to die, and I hope they burn in hell!"
The Federal Reserve can pay our National Debt with two mouse clicks.
The issue isn't paying it back, it's the value of what we're paying with that will be the ball buster.
well said,
I don't see them monetizing unless they're completely sure their usefulness as a bankster policy tool is totally exhausted, in which case there will probably be hyperinflation, martial law and suitcases full of blue monopoly money on every doorstep within a week of oil shipments being halted. And all I can say to that is, if it does happen then I'll go into the woods and live as a mountain man on bottles of my own distilled piss and cougar blood vodka because there's no fucking way I'm going to live in a world where I have FOMC meeting notes broadcast into my dreams every month for the rest of my life.
You don't see them monetizing?
You know they've already done it right?
Actually, this is a good point to bring up. Will the Fed ever actually have to announce a devaluation to discharge their debt or will everyone in America just wake up in tent cities one day and wonder how the hell they lost everything they owned. I'm guessing on the later.
You mean FEMA tents, right?
With all due respect... If you want to invoke Samuel L... Might I suggest...
http://www.youtube.com/watch?v=amYzBQMT4VI
Lot's of new posters. It seems that people are getting hip to the fact that there are very few places on the planet to get real news, and, we seem to have a few party apparatchiks coming here to blame the Republicans or the Democrats for what anyone with a brain knows, is clearly, not being caused by one or the other 'party', but by the one party fascist system of this Banana Republic.
Charlie "Gassbag" Gasparino just mentioned Zerohedge on Faux Business News as a reliable source !
Nice !
KUDOS !
Wouldn't that be a negative mark due to association with the Faux?
Oh Yea! You know it! I read news here that dosen't hit MSM for days sometimes. Then they CNBS act all suprised and caught off gaurd like .. "We never even heard of Dexia before... ever" Remember that one?
Zero Hedge IS the best financial info source bar none.
JP
Wherever they’s a fight so hungry people can eat, ZH'll be there. Wherever they’s a cop beatin’ up a guy, ZH’ll be there. If Casy knowed, why, ZH’ll be in the way guys yell when they’re mad an’—ZH’ll be in the way kids laugh when they’re hungry n’ they know supper’s ready. An’ when our folks eat the stuff they raise an’ live in the houses they build—why, ZH’ll be there.
"Tell us we will die like dogs"
damn....
what took em so long...
pass the Silver please...
pffft 15 trillion...its only trees. talk to me when the gold is put up as collatoral with the IMF and Fed.
Cotton. Money is made out of cotton
Or in Canada now its comming out in plastic..
At least it will have intrinsic value with peak oil and all...
Money is made out of promises.
and linen
I thought it was from wool...y'know, what they sheared off the Sheeple...
Great, this is like the year 2000. Time to celebrate. Gonna pop a beer right away. Cheers everyone, happy 15T.
Debt Brother from Planet 0 in da house - da White House.
(thank you WB7)
"We love ya C.C."
how long can the party go?
Longer than we can stay solvent !
Did the goons on CNBS break out their DEBT 15 TRILLION hats?