US Debt Soars By $100 BILLION On LAST DAY Of 2014, Hits Record $18.14 TRILLION

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–  Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama (ZeroHedge):


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US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion (ZeroHedge, Jan 2,  2014):

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.

As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 with a new all time high total of $18.141 trillion in Federal debt – an increase of $136 billion in the month of December and $790 billion for all of 2014.

US debt dec 31 2014

Source: US Treasury

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4 thoughts on “US Debt Soars By $100 BILLION On LAST DAY Of 2014, Hits Record $18.14 TRILLION

  1. Excessive debt has taken down every empire from the beginning of time until this day. Over $18 trillion, that is a thousand billion………can anyone conceive of such a sum? Even worse, the debt will only grow because any profits from the endless wars go to the greedy gut friends of our so-called leaders, not one penny goes into the national treasury. Unless this is changed radically, the US is finished.

    In 2010, 100% of all international transactions were completed in US dollars. Today, it is about 33%, and if all transactions were viewed with care, the number would be far less. It is easier to list the nations that still use the dollar.

    Saudi Arabia: They do a number of deals with Russia and China going around the dollar every time because Russia and China are two of the leading nations of BRICS, the economic system that has replaced the one controlled by the US.
    So, some of their transactions are still with the dollar, but with OPEC’s refusal to slow production at US request, they were kicking the petrodollar to the curb. The only ones that seem to miss that are the corrupt US leaders.

    Israel: Everyone hates them, they don’t count.

    EU: The EU is made up of 28 nations, 14 of which are deeply in debt and in need of funds. The IMF told them if they loaned them money, they were not to borrow from anyone else. I doubt if the borrowers care, and BRICS is sitting there with the equal of E100 billion to loan. Already, the UK, France and Germany are finding avenues of trade to avoid the dollar.
    It is just a matter of time.

    Out of 196 countries, the US can claim two financial organizations and Israel who supposedly use their system….except for the times they don’t.

    The US just passed another budget, and there is no money coming in, all is going out. Yet, they give billions more to greedy guts.

    Fools in charge, from corrupt emperors of Ancient Rome until now breed ruin.
    Ruin is what the US faces, not ten years from now, but now.

    Pity most Americans are too foolish to notice.

  2. A thousand billion per trillion I meant to say…… so that is 18,000 billion per trillion….and I cannot do the rest of the math without getting sick….

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