Dumb And Dumber Or Evil Puppets? Obama And Biden Nearly Doubled National Debt
In 6 Months Since Budget Deal: Federal Debt Up $1 Trillion
We will start to threaten the $20 trillion level on U.S. government debt later this year. The national debt is currently just short of $19.27 trillion. We become more indebted to the tune of $12,000 every second and approximately $1.3 billion every day.
The debt was exactly $10.63 trillion on the day Obama took office. The latest calculation from Treasury shows the debt has now hit $19.26 trillion. This is by far the largest increase in debt under any U.S. president in our history. For comparison, the national debt increased $4.9 trillion during the eight-year presidency of George W. Bush, and he is the 2nd worst debt-offender behind Obama.
U.S. Debt Clock: http://www.usdebtclock.org/
Below is the story published Tuesday at CNS News. The truth is that Boehner and McConnell caved on the budget deal with Obama and the debt has absolutely exploded, as they prove to be ‘Lucifers in the flesh’ when it comes to government spending.
FEDERAL DEBT UP $1 TRILLION SINCE BUDGET DEAL
(CNS WASHINGTON) – In the six months that have passed since then-retiring House Speaker John Boehner and Senate Majority Leader Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion.
At the close business on Oct. 30, 2015, the total federal debt was $18,152,981,685,747.52. By the close of business on April 28, 2016—the latest date for which the Treasury has published the number–the total federal debt was $19,186,207,744,589.55.
That is an increase of $1,033,226,058,842.03.
The $1,033,226,058,842.03 increase in the debt in the six months since then equals approximately $6,828 for each of the 151,320,000 persons whom the Bureau of Labor Statistics estimated had a full or part-time job in the United States as of this March.
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