We Are Already Over The Cliff
Contrary to news reports, we are not approaching the fiscal cliff. It is behind us now, because we dove off of it by reelecting the irresponsible and/or malicious punk who is spending the nation into oblivion. We just haven’t hit the ground yet. But no matter what we do now, we will. Meanwhile, the deficit spending continues:
The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. …
Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.
When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.
That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.
That means the debt imposed by Hope & Change so far comes to $49,432.73 per household. That tab will be much higher before this disgraceful debacle is finally over.
By Dave Blount