"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010


Monday, May 10, 2010

US Debt -- a brief history

The following information is sourced from The US Treasury’s website: http://www.treasurydirect.gov/

Total US Debt on GWBush inaugural day, January 20, 2001             $ 5,727,776,738,304.64

Total US Debt on BHObama inaugural day, January 20, 2009            10,626,877,048,913.08

Actual debt Increase during GWBush presidency                                4,899,100,310,608.44

Average debt increase per month (96 months)                                       51,032,294,902.17


Actual US Debt at end of each month of Obama presidency:

January 31, 2009                             $ 10,632,005,246,736.97

February 28, 2009                              10,877,144,501,237.52

March 31, 2009                                  11,126,941,485,713.37

April 30, 2009                                    11,238,592,141,958.64

May 31, 2009                                     11,321,599,905,356.40

June 30, 2009                                    11,545,275,346,431.39

July 31, 2009                                      11,669,251,349,504.65

August 31, 2009                                 11,812,870,150,873.53

September 30, 2009                           11,909,829,003,511.75

October 31, 2009                               11,893,091,028,361.01

November 30, 2009                            12,113,047,538,115.42

December 31, 2009                            12,311,349,677,512.03

January 31, 2010                                12,278,635,997,966.88

February 28, 2010                              12,440,068,020,714.47

March 31, 2010                                  12,773,123,096,139.43

April 30, 2010                                    12,948,738,915,856.86

Actual debt increase (so far) during BHObama presidency                         $  2,321,861,866,943.78

Average debt increase (so far) per month (15 months)                                    154,790,791,129.59

Dear Readers: These startling debt numbers are US Government facts.  What you see documented above is what TheFundamentals describes as “Fiscal Promiscuity.” The average monthly increase during 96 months of GWBush was $51 billion. Under Obama, the average monthly increase has ballooned to $154 billion; three times as much. In closing, we would pose this question. “At what level did the burgeoning US debt become a national security issue?”

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