}
The heart of the wise inclines to the right, but the heart of the fool to the left. -- Ecclesiastes 10:2 (NIV)

When the people fear their government, there is tyranny; when the government fears the people, there is liberty. Thomas Jefferson

Liberalism: Ideas so good, you have to be forced to accept them.

''ARE YOU AN AMERICAN --or a LIBERAL.''


Dance Along

Tuesday, November 27, 2012

Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving


 "Hey Obama voters, Happy Yet! Of course you are, since you don't know why you voted for this disgrace in the first place".  MC

(CNSNews.com) - The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.
When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.

That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.

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