$15,000,000,000,000

The Undisputed Debt King Takes The Balance On The Nation’s Credit Card To Unprecedented Heights....

Rick Perry doesn't agree with President on a lot of things about how to be a outstanding steward for America. One, he believes in a balanced budget amendment. Perry doesn't believe that every man, woman and child should be saddled with an unsustainable debt. be ###

THE NATIONAL DEBT HAS HIT THE $15 TRILLION MARK

The National Debt Is Now $15.0 Trillion Dollars. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 11/16/11)

Since President Obama Took Office, The National Debt Has Risen $4.4 Trillion, An Increase Of Over 41 Percent. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 11/16/11)

Research: www.gop.com

· Under Obama’s Watch, Each Citizen’s Share Of The National Debt Has Risen $14,273.02 To A Total Of $48,692.55. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 11/16/11)

HOW MUCH IS $15 TRILLION?

$15 Trillion Is More Than The Value Of All The Goods And Services Produced In The United States Last Year. (“Gross Domestic Product,” Bureau Of Economic Analysis, BEA.gov, Accessed 11/3/11)

15 Trillion One-Dollar Bills Would Wrap Around The Earth’s Equator Over 58,000 Times. (“Earth: Facts & Figures,” NASA, Accessed 11/3/11)

In FY2010, The Bureau Of Engraving And Printing Produced $974 Million Worth Of Currency. At That Rate, It Would Take 15,400 Years To Print $15 Trillion. (“Annual Production Figures,” Bureau Of Engraving And Printing, Accessed 11/3/11)

· It Would Take The Average Household Over 300 Million Years To Pay Off The National Debt On Their Own.(Press Release, “Income, Poverty and Health Insurance Coverage in the United States: 2010,” US Census Bureau, 9/13/11)

To Pay Off $15 Trillion In Debt, The Federal Government Would Have To Devote Every Dollar Of Revenue To Paying Off The Debt For 6.5 Years. (“Monthly Budget Review,” Congressional Budget Office, 10/7/11)

UNDER OBAMA, THE NATIONAL DEBT HAS SKYROCKETED

Politifact: Barack Obama Is “The Undisputed Debt King Of The Last Five Presidents.” “So by this measurement -- potentially a more important one -- Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling amount to the debt, as Pelosi’s chart suggested.” (“Nancy Pelosi Post Questionable Chart On Debt Accumulation By Barack Obama, Predecessors,” Politifact, 5/19/11)

· Congressional Budget Office: “The Amount Of Federal Debt Held By The Public Has Skyrocketed In The Past Few Years …” “The amount of federal debt held by the public has skyrocketed in the past few years, rising from 40 percent of GDP at the end of 2008 to reach an estimated 67 percent by the end of this year.” (“The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)

The Washington Post’s Fact Checker: Obama’s Record On The Debt Looks “Pretty Bad For Obama After Not Even Three Years In Office.” “If the chart were recast to show how much the debt went up as a percentage of GDP, it would look pretty bad for Obama after not even three years in office.” (Glenn Kessler, “A Bogus Chart On Obama And The Debt Gets A New Lease On Life,” The Washington Post's "The Fact Checker", 9/29/11)

· Fact Checker: “[Obama’s] Record On The Growth Of National Debt Is The Worst Of Recent Presidents.” “An improvement in the nation’s economy would boost the gross domestic product, which would certainly begin to reduce his ratio. But the fact remains that under basic economic measures, not phony ones, his record on the growth of the national debt is the worst of recent presidents.”(Glenn Kessler, “A Bogus Chart On Obama And The Debt Gets A New Lease On Life,” The Washington Post's "The Fact Checker", 9/29/11)

Obama Is Responsible For “The Most Rapid Increase In The Debt Under Any U.S. President.” “The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It's the most rapid increase in the debt under any U.S. president.” (Mark Knoller, “National Debt Has Increased $4 Trillion Under Obama,” CBS News, 8/22/11)

· By Next Election Obama Will Have Added “$22,500 In New Debt For Every Man, Woman And Child In The Nation — Enough To Pay For A New Toyota Corolla For Each Of Them.” “By the time the next election rolls around, the government will have taken on almost $7 trillion in debt under Obama. It’s hard to explain away a number so big. Republicans will find clever ways to make that number more digestible, including handy stats such as reducing that amount to $22,500 in new debt for every man, woman and child in the nation — enough to pay for a new Toyota Corolla for each of them.” (Jim VandeHei and Mike Allen, “President Obama’s Big Drags,” Politico, 8/4/11)