As of February, Total US Debt Now at $19,012,827,698,417

February 4, 2016   |   Nick Bernabe

Tyler Durden
February 4, 2016

(ZEROHEDGE) Two months ago, when we calculated that the US would need a new “debt ceiling” of $19.6 trillion to last until after Obama’s tenure, we may have been too optimistic: since the increase in the hard debt limit of $18.15 trillion which was raised at the end of October, the US appears to be growing its debt at a far faster pace than we had originally expected, and according to the latest public debt data, as of the last day of January, total US debt just hit 19,012,827,698,417.93.

This means that if the nominal US GDP as of December 31 which was $18.12 trillion grows at the 1.2% rate expected by the Atlanta Fed, total debt to GDP is now on pace to hit 105% at the next GDP tabulation, and rising fast from there.

It also means that since his inauguration in January 2009, the US debt has now risen by a whopping 78.9%, or $8.4 trillion. It was $10.6 trillion when Obama came into office.

Indicatively, the Congressional Budget Office forecasts that the national debt will hit $22.6 trillion by 2020 and will rise to $29.3 trillion by 2026.

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This article (As of February, Total US Debt Now at $19,012,827,698,417) originally appeared on ZeroHedge.com and was used with permission. Tune in! Anti-Media Radio airs Monday through Friday @ 11pm Eastern/8pm Pacific. Image credit: Marta Nimeva Nimeviene. Help us fix our typos: edits@theantimedia.org.

Author: Nick Bernabe

Nick Bernabe founded Anti-Media in May of 2012. His topics of interest include civil liberties, the drug war, economic justice, foreign policy, geopolitics, government corruption, the police state, politics, propaganda, and social justice. He currently resides in Chula Vista, California, where he was born and raised.

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6 Comments

  1. Let's start increasing defense, and decrease social security and welfare, right? Let's keep giving huge tax breaks to corporations, and cut food stamps. Let's start more wars, and keep those going we have now? Right? A revolution looks better and better. Let's start by cutting the salaries of Congress, and work our way down.

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  2. ᴍʏ Fʀɪᴇɴᴅ's ᴍᴏᴍ ᴍᴀᴋᴇs $73 ʜᴏᴜʀʟʏ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ . Sʜᴇ ʜᴀs ʙᴇᴇɴ ᴏᴜᴛ ᴏғ ᴀ ᴊᴏʙ ғᴏʀ 7 ᴍᴏɴᴛʜs ʙᴜᴛ ʟᴀsᴛ ᴍᴏɴᴛʜ ʜᴇʀ ᴄʜᴇᴄᴋ ᴡᴀs $20864 ᴊᴜsᴛ ᴡᴏʀᴋɪɴɢ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ ғᴏʀ ᴀ ғᴇᴡ ʜᴏᴜʀs.
    ᴄʜᴇᴄᴋ ᴍʏ sᴏᴜʀᴄᴇ:———>>
    https://www.facebook.com/Usa-Work-Trends-1662429877364248/?app_data=visitor_mode&sk=app_190322544333196

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  3. ᴍʏ Fʀɪᴇɴᴅ's ᴍᴏᴍ ᴍᴀᴋᴇs $73 ʜᴏᴜʀʟʏ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ . Sʜᴇ ʜᴀs ʙᴇᴇɴ ᴏᴜᴛ ᴏғ ᴀ ᴊᴏʙ ғᴏʀ 7 ᴍᴏɴᴛʜs ʙᴜᴛ ʟᴀsᴛ ᴍᴏɴᴛʜ ʜᴇʀ ᴄʜᴇᴄᴋ ᴡᴀs $20864 ᴊᴜsᴛ ᴡᴏʀᴋɪɴɢ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ ғᴏʀ ᴀ ғᴇᴡ ʜᴏᴜʀs.
    ᴄʜᴇᴄᴋ ᴍʏ sᴏᴜʀᴄᴇ:———>>

    https://www.facebook.com/USA-Work-514589588666221/?ref=s&sk=app_190322544333196

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  4. ᴍʏ Fʀɪᴇɴᴅ's ᴍᴏᴍ ᴍᴀᴋᴇs $73 ʜᴏᴜʀʟʏ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ . Sʜᴇ ʜᴀs ʙᴇᴇɴ ᴏᴜᴛ ᴏғ ᴀ ᴊᴏʙ ғᴏʀ 7 ᴍᴏɴᴛʜs ʙᴜᴛ ʟᴀsᴛ ᴍᴏɴᴛʜ ʜᴇʀ ᴄʜᴇᴄᴋ ᴡᴀs $20864 ᴊᴜsᴛ ᴡᴏʀᴋɪɴɢ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ ғᴏʀ ᴀ ғᴇᴡ ʜᴏᴜʀs.
    ᴄʜᴇᴄᴋ ᴍʏ sᴏᴜʀᴄᴇ:———>>

    https://www.facebook.com/USA-Work-514589588666221/?ref=s&sk=app_190322544333196

    Post a Reply
  5. ᴍʏ Fʀɪᴇɴᴅ's ᴍᴏᴍ ᴍᴀᴋᴇs $73 ʜᴏᴜʀʟʏ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ . Sʜᴇ ʜᴀs ʙᴇᴇɴ ᴏᴜᴛ ᴏғ ᴀ ᴊᴏʙ ғᴏʀ 7 ᴍᴏɴᴛʜs ʙᴜᴛ ʟᴀsᴛ ᴍᴏɴᴛʜ ʜᴇʀ ᴄʜᴇᴄᴋ ᴡᴀs $20864 ᴊᴜsᴛ ᴡᴏʀᴋɪɴɢ ᴏɴ ᴛʜᴇ ᴄᴏᴍᴘᴜᴛᴇʀ ғᴏʀ ᴀ ғᴇᴡ ʜᴏᴜʀs.
    ᴄʜᴇᴄᴋ ᴍʏ sᴏᴜʀᴄᴇ:———>>
    https://www.facebook.com/Usa-Work-Trends-1662429877364248/?app_data=visitor_mode&sk=app_190322544333196

    Post a Reply

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