Happy end of 2011--the US had a debt of  $15,222,940,045,451.09 at the close of Friday, December 30! President Barack Obama (D) inherited the debt from...President Barack Obama (D); on December 31, 2010 the country's debt was $14,025,215,218,708.52, an increase of over a trillion dollars and lots of change in just one year.  When Obama took over from President George W. Bush (R) on January 20, 2009 the national debt was $9,188,640,287,930.39, it has zoomed up over $6 trillion in just four years.    But good news--under the skill of the vacationing President Obama, the debt did not increase on the first business day of 2012, Tuesday, January 3 from the last business day of 2011.       Tyler Durden of ZeroHedge comments on a historic event.     US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the...(Read Full Post)