Increased $56 Billion In One Day

The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion. The exact total stood at $15,033,607,255,920.32 as of the end of business last Tuesday, marking a jump of $56 billion over Monday's tally. All told, federal debt has risen $4.407 trillion since Barack Obama took office. It stood at $5.7 trillion in 2001, when George W. Bush moved into the White House.

"Today marks an infamous day in American history," said House Budget Committee Chairman Paul Ryan (R-WS).

Democrats were silent on the $15 trillion debt milepost, though on the broader issue of deficits they say the economy is so weak that it needs more spending in the short term.

Obama is averaging a debt increase of more than $1.5 trillion a year during his term in office, compared with an average of $612.4 billion for George Bush and $192.5 billion a year under Bill Clinton.

The Bureau of Labor Statistics estimated that there were 93,641,000 full-time private sector workers in the United States in 2010 (and 18,073,000 full-time workers in federal, state and local government). That means the $15.0336 trillion federal debt equals approximately 160,545 per full-time private sector worker.

Given that the Census Bureau estimates there were approximately 76,089,045 families in the United States in 2010, the federal debt equals approximately $197,579 for each American family.

Barack Obama and the Democrats are deliberately bankrupting America.

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