US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

 

 

 

 

 

” 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.”

 

Thanks to Tyler Durden at Zero Hedge

 

Interested viewers can keep track of the burgeoning national debt at our post of the real time National Debt Clock …

 

 

 

 

 

 

 

 

 

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