Thanks, Obama! U.S. Closes 2011 With Record $15.22 Trillion In Debt

It is now official:

According to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09.

In fact, U.S. debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the U.S. government decided to delay exposing until the very end of the calendar year.

This means if you took the market value of all goods and services produced in the United States from every source, it would still not be enough to pay off the federal debt.  



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