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Opening Arguments

Yes, we're officially screwed now

And on and on it goes:

US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling

Stayed tuned for another round of

Comments

Tim Zank
Thu, 01/05/2012 - 3:34pm

" July 3, 2008 campaign speech by then-candidate Obama. In it, he said:

From HE/HIMSELF, Teh One on the campaign trail on July 3, 2008:

William Larsen
Fri, 01/06/2012 - 7:41pm

Compounding Interest; time value of debt; is a real killer when irresponsible people have the ability to borrow money.

Date National Debt
9/30/2010 $13,561,623,030,891.70
9/30/2009 $11,909,829,003,511.70
9/30/2008 $10,024,724,896,912.40
9/30/2007 $9,007,653,372,262.48
9/30/2006 $8,506,973,899,215.23
9/30/2005 $7,932,709,661,723.50
9/30/2004 $7,379,052,696,330.32
9/30/2003 $6,783,231,062,743.62
9/30/2002 $6,228,235,965,597.16
9/30/2001 $5,807,463,412,200.06
9/30/2000 $5,674,178,209,886.86
9/30/1999 $5,656,270,901,633.43
9/30/1998 $5,526,193,008,897.62
9/30/1997 $5,413,146,011,397.34
9/30/1996 $5,224,810,939,135.73
9/30/1995 $4,973,982,900,709.39
9/30/1994 $4,692,749,910,013.32
9/30/1993 $4,411,488,883,139.38
9/30/1992 $4,064,620,655,521.66
9/30/1991 $3,665,303,351,697.03
9/30/1990 $3,233,313,451,777.25
9/30/1989 $2,857,430,960,187.32
9/30/1988 $2,602,337,712,041.16
9/30/1987 $2,350,276,890,953.00
9/30/1986 $2,125,302,616,658.42
9/30/1985 $1,823,103,000,000.00
9/30/1984 $1,572,266,000,000.00
9/30/1983 $1,377,210,000,000.00
9/30/1982 $1,142,034,000,000.00
9/30/1981 $997,855,000,000.00
9/30/1980 $907,701,000,000.00
9/30/1979 $826,519,000,000.00
9/30/1978 $771,544,000,000.00
9/30/1977 $698,840,000,000.00
9/30/1976 $620,433,000,000.00
9/30/1975 $533,189,000,000.00
9/30/1974 $475,059,815,731.55
9/30/1973 $458,141,605,312.09
9/30/1972 $427,260,460,940.50
9/30/1971 $398,129,744,455.54
9/30/1970 $370,918,706,949.93
9/30/1969 $353,720,253,841.41
9/30/1968 $347,578,406,425.88
9/30/1967 $326,220,937,794.54
9/30/1966 $319,907,087,795.48
9/30/1965 $317,273,898,983.64
9/30/1964 $311,712,899,257.30
9/30/1963 $305,859,632,996.41
9/30/1962 $298,200,822,720.87
9/30/1961 $288,970,938,610.05
9/30/1960 $286,330,760,848.37
9/30/1959 $284,705,907,078.22
9/30/1958 $276,343,217,745.81
9/30/1957 $270,527,171,896.43

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