BREAKING ALL THE RULES Forum
While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion - Printable Version

+- BREAKING ALL THE RULES Forum (http://forum.batr.net)
+-- Forum: BREAKING ALL THE RULES News, BATR News, Daily Business Report, NeoCon Watch and Washington Merry-Go-Round (http://forum.batr.net/forumdisplay.php?fid=270)
+--- Forum: Daily Business Report (http://forum.batr.net/forumdisplay.php?fid=275)
+--- Thread: While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion (/showthread.php?tid=31989)



While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion - daily business report - 10-14-2016

While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion

One of the things that caught my attention this morning was that the US government’s debt level has soared to just a hair under $19.7 trillion.To give it some context, that’s up over $170 billion in just eight business days.It’s almost as if Barack Obama is intentionally and desperately trying to breach the $20 trillion mark before he leaves office in January.Total US public debt has skyrocketed over the last eight years by $9 trillion, from $10.6 trillion to $19.7 trillion.And in the 2016 fiscal year that just closed two weeks ago, the government added a whopping $1.4 trillion to the debt, the third highest amount on record.Plus, they managed to accumulate that much debt at a time when they weren’t even really doing anything.It’s not like the government spent the last year vanquishing ISIS or rebuilding US infrastructure. They just… squandered it.Read the entire article