Nothing Exceeds like Excess

Federal Debt Climbs $1,054,647,941,626.91 in 2016, by Terence P. Jeffrey, 1/3/17

(CNSNews.com) - The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury.

On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80.

The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.

That increase in the debt equaled $8,860.65 for each of the 119,026,000 households the Census Bureau estimated there were in the United States as of September.

During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from  $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.

That equals $78,553.84 for each of the 119,026,000 households in the country as of September.

During 2016, while Democratic President Barack Obama controlled the White House, Republicans controlled both houses of Congress.

http://www.cnsnews.com/news/article/terence-p-jeffrey/federal-debt-climbs-105464794162691-2016

Comments

Obama was hired by George Soros to wreck the US economy and get it ready to be absorbed into the “New World Order”.  Hillary proposed the merger of the US, Canada and Mexico to become the North American Union, but she lost the election to Trump.

Since 2000, we have allowed the federal government to waste $15 trillion on unnecessary, harmful and dangerous policies. 

We now have an opportunity to reform the federal government and remove these suicidal policies, but Democrats will fight like hell to keep them.  It’s a war with Republicans proposing reforms and Democrats fighting against these reforms. 

We must lower corporate taxes and threaten import tariffs to get the jobs to return.  We must close the border and remove excess immigrant labor and welfare families to begin to allow our 84 million working-age US citizens to find jobs.  We must end the Refugee program and return these refugees to safe settlements in their home countries.  We must end US welfare for immigrants and ban Sharia Law in the US.

Norb Leahy, Dunwoody GA Tea Party Leader