Obama To Leave $20 Trillion Debt Crisis For Clinton Or Trump

Jon Fiscal Policies, Government, Health Care, Market Commentary, Socialism

President Obama is set to leave a massive near $20 trillion debt crisis for his successor – be that Hillary Clinton or Donald Trump.
The U. S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and during the so called ‘recovery’ as the U. S. government continues to spend money like a drunken sailor.
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During Obama’s presidency, the total national debt has risen from $10.6 trillion to nearly $20 trillion – see Debt Clock here. There is also the not insignificant matter of the between $100 trillion and $150 trillion in unfunded liabilities – for medicare, medicaid and social security.

This post was published at Gold Core on August 29, 2016.