Letterman Obama Interview: Joke is on the President As He Screws Up National Debt Question

Tuesday's edition of the Letterman show featured special guest President Barack Obama, who worked hard with the host to determine the amount of the national debt. The best the two came up with was $10 billion, an amount suggested by Letterman. The president did not sound confused so much as he sounded like he did not care.


Letterman raised a mild concern on behalf of voters about the debt by referring to the National Debt Clock displayed during the Republican National Convention. "It was just going and going," Letterman said, moving his hand in a rapid circle.

The president's immediate answer was that, "We actually had a surplus during the Clinton administration." Good to know. Bill Clinton was president from 1993 to 2001.

As of September 17, 2012, the amount was $16,008,938,323,880.98, aka $16 trillion. Almost $10 billion has been added to the debt since the debt clock crossed the $16 trillion mark during the Democratic National Convention September 3-6. The amount of increase in the national debt over the past two weeks would consume the entire $9.6 billion fortune of Steve Jobs' widow, Laurene Powell Jobs, who is #100 on the Forbes international billionaires list.

During the interview, President Obama said that Americans shouldn't worry: "We owe most of that [the debt] to ourselves." 

There has been no Federal budget for the past three years. The debt is costing Americans approximately three times as much as GDP growth and exponentially more than tiny earnings paid for private savings accounts. Little-reported, U.S. bond ratings were downgraded to AA- by Egan-Jones last week. Egan-Jones is one of 10 independent ratings organizations recognized by the U.S. Securities & Exchange Commission. According to the Washington Post, larger rating firms Moody's, Standard & Poor's and Fitch also announced potential downgrades in one to two weeks.

Move "forward," Mr. President. Party on.

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Amy Sterling Casil

I am a professional writer and college teacher. My most recent book is Female Science Fiction Writer (http://www.amazon.com/Female-Science-Fiction-Writer-ebook/dp/B008E95D2E) a major short fiction collection. I am a 5th generation Southern California native, and have a colorful heritage in my mother's and my father's families. I have a huge, wonderful exuberant family, including a beautiful daughter and I am very grateful for every opportunity I have had. I have a Jack Russell Terrier named Gambit (Badger died, Gambit is a new rescue) and have always disliked rubber bands. I'm an old school Republican by registration but probably a Libertarian in sentiment. I have a very varied professional background and have been known to raise a few funds in my day. I should add that I am award-nominated fiction writer, have published 26 books, and have two BAs from Scripps College, Claremont, CA and an MFA from Chapman University, Orange, CA. I do professional business consulting and planning and am Founder and CEO of Pacific Human Capital.

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