The site is USDebtClock.Org and all you need to do is look at the steadily changing, ever flickering numbers that literally jump out at you to get in touch with the real economic world. As I write this the grand total stands at over $12.4 trillion.
That encompasses $40,239 owed per citizen. While this figure has been quoted frequently when this verboten topic has been discussed the real figure of overriding importance that has tended to be overlooked is the amount per taxpayer.
While $40,239 is a far from insignificant figure, it is nowhere near as calamitous as the salient number determined by taxpayer in that the aforementioned figure includes a large population of children as well as numerous other citizens not paying current taxes.
The amount owed per taxpayer stands currently at $113,496. This leads us into another important category as the situation gets worse, not better.
Let us be sober realists and move into the staggering realm of U.S. total debt. That current figure is $54.76 trillion and climbing so fast that I dare only put the decimal and carry over to .76 when moving from trillions to billions. In that staggering context the total debt per citizen is currently $177,380 and $678,882 per family.
U.S. trade numbers are looking anything but good. U.S. debt held by foreign countries is a staggering $3.82 trillion. The U.S. trade deficit is $80.28 billion.
For those Tea Baggers eager to take slams at China, the economic reality is that the current U.S. deficit with that nation is $36.33 billion. In terms of the mounting debt in the foreign oil realm that stands currently at $52.6 billion.
Bearing in mind the foregoing numbers, did all this begin when Obama took office? One would think so since that is when the Tea Bag movement began.
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