While many of you were out grabbing blockbuster deals on Black Friday, the government was busy selling us further down the road to the tune of $211.69 ADDITIONAL per U.S. household.
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. Yet there is still lingering talk about "fiscal cliff" that is fast approaching. So if the money wasn't borrowed in order to avoid the fiscal cliff, what WAS it borrowed for??
That we don't know, but what we do know is that Friday 11/23 was also the first time in the history of the United States that the debt has topped $16.3 trillion. And just a campaign reminder, 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. Can't blame THAT on Bush....but liberals will find a way!