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$15 Trillion Debt Arrives on Silver Plates – From Obama

April 10, 2012

Here’s the shocking truth, America’s debts are bigger than all of Europe combined! (and not to mention it, but the  silver plate eating pizza president added over $5 TRILLION in just 4 years).

Thats a huge debt owed by each and every one of us. Remember the government has no way to pay that back except by taxing you and me. remember every give away program Obama has used to buy votes costs all of us a lot of money, especially those of us who work and make money.

The Republican side of the Senate Budget Committee will release this chart later today, clearly showing that America’s debt is greater than the combined debt of the entire Eurozone and the U.K.:

As the chart shows, America’s debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the data refers to closing 2011 numbers.)

The Eurozone is larger than the United States, so America’s debt per capita also exceeds the Eurozone’s. According to the Census Bureau, the U.S. has a population of 313 million, whereas the Eurozone has a population in excess of 331 million.

Republican presidential candidate Mitt Romney frequently warns that the United States should not become like Greece. “We need to rein in government and unleash the extraordinary vitality and creativity of the American people,” Romney wrote in a December op-ed. “We must not wait to suffer a crisis like Greece’s or Portugal‘s to right the ship of state.”

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