Tuesday, December 9, 2014

U.S. National Debt crosses $18 trillion with 70% coming from Obama’s tenure

While it took longer than expected, the U.S. National Debt has now officially exceeded $18 trillion, and is 107% of the total amount of GDP created in the economy for 2013.  This number also represents a watershed moment where President Barack Obama has been the instigator of almost more debt himself than all other Presidents combined, with his ownership ringing in at a whopping 70% increase since he took office in 2009.

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