Wednesday, December 3, 2014

US Debt: $18 Trillion; U.S. Debt/GDP ratio over 300%

So much for fiscal prudence in the US. 

$4.9 Trillion added by George Bush Presidency.  $8 trillion by the Obama Presidency.

Total U.S. debt has increased by 70 percent under Obama, from $10.625 trillion on January 21, 2009 to over $18.005 trillion today (Dec 2 2014)

Each household in the U.S. now carries the burden of $124,000 in national debt alone - or $56,378 per individual. This does not include the massive private debt or household debt burden - people’s  mortgages, personal loans, credit card debt, student loans, car loans and other household debt.

$200 trillion of unfunded liabilities such as medicare, medicaid and social security not included in US National Debt.

$12 trillion Household debt--including mortgages, credit cards, auto loans and student loans not included in US National Debt.

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