You read that right. When Obama was sworn in, on January 20, 2009, the National Debt was $10,626,877,048,913.08. Yesterday, which is the last day for which debt data has been published by the Treasury Department, the National Debt had grown to a whopping $17,447,321,527,551.15. That’s $6,820,444,478,638.07 in new debt or almost two-thirds more debt than what he inherited.
So let’s do the math.
I won’t bore you with calculating the seconds. If you want to do that, it’s really easy. You’ll find that there are 166,233,600 seconds, between those two dates. So divide that 6 trillion in new debt, by the number of seconds since Obama was sworn in.
You’ll come up with an average of $41,029.28 in new U.S. debt every second since Obama was elected.
On the side of this page you’ll see our U.S. National Debt Clock. In order to keep it from getting too far off with daily changes in the debt, we’ve based it on the average daily debt increase over 100 days. If we see it getting too far off, we’ll reset it to work on data from a more recent 100 days.
The U.S. Census bureau put the U.S. population at around 317,957,896 at noon yesterday. So that means that your portion of the national debt is about $54,873.06 and it’s getting worse by the second. Like any borrowing, sooner or later, the lenders are going to call the loan. When that eventually does happen, you and I and every U.S. taxpayer will be expected to pay the government, so they can pay down the tremendous debt that they incurred on your behalf.
Both parties have proven that they have no intent to exercise fiscal responsibility. So, it’s time for taxpayers to demand a Balanced Budget Amendment that will require BOTH parties in Congress and the President to stop spending more than they take in, except in time of declared war, against a major enemy. If Congress won’t pass such an amendment for the states to ratify, then we need to do it through an Article V convention.
It’s past the point where we can say that stopping this run-away debt is doing it for our children. At this point, we’re also doing it for ourselves, because most people reading this, will live to see our National Debt called if we don’t start reducing the debt soon.
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