U.S. Debt Clock Real Time (Washington Times) Rising federal debt threatens to choke economic growth within a decade, beginning a death spiral that will sap revenue from government programs even as demand grows forcing the government to borrow even more money Congressional Budget Office (CBO) warns:
“If current laws remain generally unchanged, federal debt held by the public would exceed 100% of Gross Domestic Product (GDP) within 25 years or by 2040 and will continue an upward path relative to the size of the economy–a trend that could not be sustained.”
- Flashback: Remember in March when Obama Tweeted that: “The deficit has come down by two-thirds since I’ve been president.”
(Video Flashback) Remember in 2008 when then Sen. Obama claimed
adding $4 Trillion of Debt was ‘Unpatriotic’ During the Bush Admin —
What is Adding $7.5 Trillion+ During Obama’s Watch — Treasonous?
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