Tag Archives: Debt Clock

Senator Rubio informs president of his opposition to raising debt ceiling

Marco Rubio has declared to obama that he will oppose raising debt ceiling any further:

In a scathing letter sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”
Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.
“I will oppose your request to continue borrowing and spending recklessly.”


Current GDP  $15,105,346,000,000 (rounded)

Current Debt $15,199,051,000,000 (rounded)

At the end of August, the ceiling was raised to $16.7  trillion.

obama plans to request $1.2 trillion soon.  Just how high do they intend to go.  This does not even include SS and medicare liabilities (which is now receiving less money because of obama’s big fine so-called tax break, a reduction in FICA deductions.)

And he is worried about “payday loan” companies.

Watch him.  He may try to go around the congress on this, too.



Posted:  01.06.12 @ 11:18 p.m.


Filed under Financial Crisis, Uncategorized

Federal debt now at $14,999,400,000,000 (update)

The last six numbers are spinning so fast I can’t write them down, so I just rounded it off.

Just since I was writing the headline and the first sentence, the 400 is already 410.

They have to do something before it gets to $15.19 trillion, the current ceiling.  I was supposed to last until January or February of next year.  I thought congress would do a secret Christmas Eve session to raise it, but it’s not going to hold out that long.




The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion [-] a staggering figure that caps a precipitous decade-long rise.

The exact total stood at $15,033,607,255,920.32 as of the end of business Tuesday, marking a jump of $56 billion over Monday’s tally. All told, federal debt has risen $4.407 trillion since President Obama took office. 


Posted:  11.16.11 @ 12:19 p.m. Update:  11.16.11 @ 9:35 p.m.


Filed under Financial Crisis, Uncategorized