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Sunday, December 23, 2012

U.S. Treasury


Obama Uses Funeral Service to Talk About Himself

10:34 AM, Dec 22, 2012 • By DANIEL HALPER
President Barack Obama used the funeral for Hawaii senator Daniel Inouye to talk about himself. In the short 1,600 word speech, Obama used the word "my" 21 times, "me" 12 times, and "I" 30 times.
Obama's speech discussed how Inouye had gotten him interested in politics. "Danny was elected to the U.S. Senate when I was two years old," he said.

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

Barack Obama
President Barack Obama pardons a turkey on Nov. 23, 2011 as daughters Sasha and Malia look on. (AP Photo)

(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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