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Breaking News! Major Event Happens In Wake Of Iowa Caucuses!

obama-sad-frown

While the major news story in the past 24-hours has been the Iowa caucuses, one major news story may just throw a wrench into the 2016 election. Under President Barack Obama, America’s debt has officially reached a record $19 trillion!!

From The Washington Examiner:

The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion.

It took a little more than 13 months for the debt to climb by $1 trillion. The national debt hit $18 trillion on Dec. 15, 2014.

That’s a slightly stepped-up pace compared to the last few $1 trillion mileposts. It took about 14 months for the debt to climb from $17 trillion to $18 trillion, and about the same amount of time to go from $16 trillion to $17 trillion.

Back in November, the debt ceiling was suspended again, after having been frozen at $18.1 trillion for several months. As soon as it was suspended, months of pent-up borrowing demand by the government led to a $339 billion jump in the national debt in a single day.

Under current law, the debt ceiling is suspended until March, 2017, meaning the government can borrow without limit until then. Obama is expected to leave office with a total national debt of nearly $20 trillion by the time he leaves office.

Given this latest news, there is even more of a reason to stop Hillary Clinton from becoming our next president and continuing President Obama’s reckless spending agenda!

What are your thoughts on the national debt reaching $19 trillion? Share your opinion below!

Comments

2 Comments

  1. Malissa says:

    obama in a dictionary the definition would be: THE WORST PRESIDENT OF THE USA: TAITOR, COMMITTED TREASON: BOWED TO MUSLIM LAWS: KILLER OF AMERICANS

  2. Renee says:

    One problem with Mr. Sanders and the Democratic Party as a whole, is their intention to deconstruct the free enterprise system in this country for a modified socialist system. Of course, no socialistic program EVER STAYS moderate; once the door is opened a crack, it won’t stop until it is complete. Do you hear Senator Sanders blaming Wall Street for all the money grabbing and dishonesty?? I contend that much of the monetary gulf between the rich and the poor (which you WILL always have) is largely due to the actions of politicians. If Wall Street is the gasoline, American politics is the engine. Have you ever seen Congress turn down a pay raise for themselves??? Ever seen an ex-president refuse the outrageous pension plan in place for them?? And as long as they see us….the working class…..buying even one Starbucks treat in a week, they assume we have extra income floating around that, “SHOULD be taxed, dammit!”

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