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Wednesday, September 17, 2014

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny. On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32. As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.

The chart that I have posted below shows the exponential growth of the U.S. national debt over the past several decades. Anyone that would characterize this as "under control" is lying to you...

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3 comments:

  1. I am afraid the nation is already destroyed. No one has the concept of how much a trillion dollars is. We will never achieve fiscal integrity. It is sad and depressing what has happened in just the past few years to this once great nation.

    ReplyDelete
  2. They plan to destroy us and enslave us

    ReplyDelete
  3. Bush did it. Your are racist.

    ReplyDelete

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