Next Big Future: US is within days of $20 trillion in national debt
Federal outlays were projected to rise by 6 percent in 2016 —to $3.9 trillion, or 21.2 percent of GDP. That increase is the result of a nearly 7 percent rise in mandatory spending, a 3 percent increase in discretionary outlays (which stem from annual appropriations), and a 14 percent jump in net interest spending.
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WNU Editor: And it looks like it is going to get worse .... What are conservatives doing voting to increase debt by $9 trillion? (Sacramento Bee).
Update: The U.S. national debt clock is here.
WNU Editor: I posted #20 Billion .... not $20 Trillion on the title of this post. It has been corrected. Sighhh .... 20 Billion .... if only.
4 comments:
7 Trillion stimulus and the economy didn't really grow,
Thanks Obama
The man from the bottom of the totem pole, who got the sock full of pennies, did not help matters, when he suspended his campaign.
Billion, trillion, what's the difference...:)
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
Thanks obama u really brought change and hope to the world bwahaha
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