The outstanding national debt as of 18 Nov 2009 at 06:41:54 PM GMT is: $12,038,518,840,589 (give or take; for those not good with numbers, the "12" is *trillions*). This is up over $2T since Obama took office in Jan, and is the fastest rise ever recorded for any president all the way back to Washington, dwarfing even the FDR spending rate in WWII. It is interesting that ~ $726B of that in the form of U.S. treasuries resides on the Fed balance sheet, which means that Bernanke flat out lied to Congress when he stated under oath that the Fed was not monetizing the debt. For this, he gets to be reappointed, but that puts him in good company with the rest of the Obama cronies who wouldn't know (or admit to) the truth if it came up and bit them on the buttocks.
The estimated population of the United States is 307,310,565, so each citizen's share of this debt is $39,173.79, and this isn't just an idle observation. Ever wonder who is on the hook to pay off this massive debt? *You* are, my friend, and with the federal government's unlimited power to tax, if the socialists deem they need it to finance their new world order, they will just come and get it, even if it means taking everything you own. Also note that even if they confiscate 100% of everything that belongs to the "rich" and then take them out and shoot them, there still isn't enough money to pay off the debt, so then they will come after the middle class. At that point, I guess we might as well all just become government employees, because the capitalism that created the wealthiest, most prosperous nation the world has ever seen will have died, and those who put these charlatans in power will bear the responsibility.
But there is another way. If the ballot box doesn't work in 2010/2012, get ready for the second American revolution, if they haven't confiscated your guns by then.
