Daily Business Report

---

While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion Posted: 14 Oct 2016 06:13 AM PDT One of the things that caught my attention this morning was that the US government's debt level has soared to just a hair under $19.7 trillion. To give it some context, that's up over $170 billion in just eight business days. It's almost as if Barack Obama is intentionally and desperately trying to breach the $20 trillion mark before he leaves office in January. Total US public debt has skyrocketed over the last eight years by $9 trillion, from $10.6 trillion to $19.7 trillion. And in the 2016 fiscal year that just closed two weeks ago, the government added a whopping $1.4 trillion to the debt, the third highest amount on record. Plus, they managed to accumulate that much debt at a time when they weren't even really doing anything. It's not like the government spent the last year vanquishing ISIS or rebuilding US infrastructure. They just… squandered it. Read the entire article

You are subscribed to email updates from Daily Business Report. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States