US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion
Before Obama leaves office in 2016 (IF he leaves office, I always question this) simple math dictates that America's national debt will have more than doubled under Barack Obama and our hapless and deceiving Congress, let's not forget them.
In 2008, you may recall that Obama told America that Bush was irresponsible and unpatriotic for adding $4 Trillion in debt, "by his lonesome" :
Our national debt may in fact be our largest National Security threat, or at least tied with Obama himself. Many economists believes a total economic collapse is now inevitable.
Obama was being gentle when he called an additional $4 trillion in debt as unpatriotic. In reality, it is nothing short of treason and Obama, along with Democratic and Republican leadership should be held accountable. Of course that sentiment and $5 bucks can buy me a Cafe Latte.
The destruction of America is looming in 2015, and it is traced to American leadership selling us out, while apathetic American's by and large busily and blindly worship at the altar of entertainment ,unable to see the the very real danger. There is a Trojan Horse in our midst and in our government. It will unleash financial hell, with vast devastating consequences, devouring America from within. Few seem to notice but soon, everyone will notice. -W.E.
It seems like it was only yesterday when we reported that, in yet another sleight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever.
As we further noted, it also meant "that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently."
Fast forward to today when we are happy to report that according to the US Treasury, America's debt-funded spending spree, while supposedly slowing down if looking at the declining monthly budget deficit report, never actually has.
As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 with a new all time high total of $18.141 trillion in Federal debt - an increase of $136 billion in the month of December and $790 billion for all of 2014.
Source: US Treasury