As Labor Day weekend kicked into high gear, so did a grim reality for our federal government debt in the terms of growth.
Sputniknews.com gave us this reminder in their write up:
Earlier this week, the US national debt hit $19.5 trillion, for the first time ever. Since January 2016, it has increased by $500 billion, according to the US Treasury.
In 2009 when Barack Obama became president the debt was $10.63 tillion. Currently, the debt ceiling has been suspended until mid-March which means the debt will rise further.
“The total national debt when Obama leaves office in January is expected to approach $20 trillion by then,” an article on Washington Examiner read.
Three months ago I outlined what our biggest growth to our debt is. You can read that article here.