OBAMA ON TRACK TO INCREASE DEBT BY $2.5 TRILLION THIS YEAR: LAST PRESSER SAID COUNTRY IS IN RIGHT DIRECTION

Posted on November 17, 2016

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Zero Hedge: “According to data released by the Treasury Department yesterday, the US national debt has soared by a whopping $294 billion since the start of the 2017 fiscal year, just 45 days ago. So if they keep up this pace, the national debt will increase by $2.4 trillion this fiscal year, surpassing $21 trillion by next September.”

It’s hard to believe how rapidly the debt is growing; debt growth is far outpacing the growth of the US economy… and there’s no way to pretend that this is good news.”

Obama just told America the country is moving in the right direction. “If you look at the basic indicators of where the country is right now the unemployment rate is as low as it has been in 8, 9yrs. Incomes and wages have both gone up over the last year faster than they have in a decade or two. We’ve got historically low uninsured rates.”

Debt was $10.6 Trillion when he took office.

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Zero Hedge: Obama On Pace To Increase The Debt By Stunning $2.4 Trillion This Year
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Posted in: News, Politics