America, How Much Each of YOU Owe of Obama’s Budget Debt Has Skyrocketed

by Warner Todd Huston | March 17, 2015 3:44 pm

Obama is costing each of us dearly, we all know. But his soaring debt is skyrocketing. Now the cost of Obama’s debt has soared to $41,000 PER PERSON in the US.

Once again we see that this is just another part of Obama’s plan to destroy America. And it is working all too well[1].

Today, on March 16, the debt limit returned at $18.1 trillion in total national debt. The largest share of this debt—$13 trillion—comes out to $41,000 for every individual living in the U.S. today.

This debt is called the public debt, which means that the government has sold this debt in credit markets to investors in the U.S. and abroad, including China, Japan and European nation countries. The remaining $5 trillion of national debt are debt the government has borrowed from dedicated trust funds, like the Social Security trust fund.

Children born in the U.S. this year would see their share of the public debt burden grow by more than $100,000, to top $142,000, by the time they graduate from college if Congress fails to solve the spending and debt crisis.

This man is killing us.

Endnotes:
  1. it is working all too well: http://dailysignal.com/2015/03/16/how-much-will-each-americans-share-of-the-national-debt-grow-to-be/

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