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