Or, if you don't want to watch the video:

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

While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the very end of the calendar year. We wonder, rhetorically, just how prominent of a talking point this historic event will be in any upcoming GOP primary debates. And yes, technically this number is greater than the debt ceiling but it excludes various accounting gimmicks. When accounting for those, the US has a debt ceiling buffer of... $14 billion, or one third the size of a typical bond auction.

Now THAT's the Chicago Way.

quote Originally posted by fierobear: Or, if you don't want to watch or read another one of Aveggiehead's cut and pastes ....

[This message has been edited by cliffw (edited 01-04-2012).]

I think everyone should just relax. Obama has a plan



...to double that number in his last year...

quote Originally posted by Taijiguy: I think everyone should just relax. Obama has a plan ...to double that number in his last year...

It will be interesting to see what he does in the four years leading up to the last one.

quote Originally posted by KidO: It will be interesting to see what he does in the four years leading up to the last one.

If he gets four more years, "interesting" isn't the word I'd use to describe it.

quote Originally posted by Taijiguy: I think everyone should just relax. Obama has a plan ...to double that number in his last year...

It will be interesting to see what he does in the four years leading up to the last one.

quote Originally posted by Taijiguy: If he gets four more years, "interesting" isn't the word I'd use to describe it.

quote Originally posted by Taijiguy: I think everyone should just relax. Obama has a plan ...to double that number in his last year...

OF COURSE...the solution is so simple, just spend MORE MONEY WE DON'T HAVE...why didn't I see that!?

Well duh.

Fellas,

Isn't it curious the remarkable absence of thought the liberal wing of PFF is, when confronted with facts? They scurry away from offering their comments similar top a c*** -a-roache does when the lights comes on. How many months, hours, minutes is there until Obama is gone?

Cordially,
kevin

[This message has been edited by kevin (edited 01-04-2012).]

quote Originally posted by kevin: Fellas, Isn't it curious the remarkable absence of thought the liberal wing of PFF is, when confronted with facts? They scurry away from offering their comments similar top a c*** -a-roache does when the lights comes on. How many months, hours, minutes is there until Obama is gone? Cordially, kevin

Glenn Beck is an IDIOT!
I said that for the liberals in absentia.

[This message has been edited by texasfiero (edited 01-04-2012).]

quote Originally posted by kevin: Fellas, Isn't it curious the remarkable absence of thought the liberal wing of PFF is, when confronted with facts? They scurry away from offering their comments similar to a c o c k-a-roache does when the lights comes on.

"The dog, to gain some private ends,
Went mad and bit the man." - Oliver Goldsmith