On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. That’s more than $58,000 for each person who lives in the U.S. today (including children).
The main culprit behind the rising deficits and debt is growing federal spending—especially among Social Security, Medicare, Medicaid, and Obamacare.
(CNSNews.com) – The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, August 10, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.
That, according to the Treasury’s statements, makes 150 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.
Since Barack Obama has no respect for America or Americans, he will doubtlessly announce that the October 2012 unemployment rate is about 6.5% or some other ridiculous lie. Does it make any difference? Not really, because he and the Charlie McCarthy dummy who is posing as our Vice President won’t be able to survive the reality of what they have done to us since January 2009.
The problems Obama will face are growing, not subsiding.