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.