Another Record for a Record Failure President: NATIONAL DEBT TOPS $14 TRILION: "
President Moe, my children thank you, their children will thank you but most of all America's most lethal enemies thanks you. The Post-American Presidency: The Obama Administration's War on America
NATIONAL DEBT TOPS $14 TRILION
The latest posting today of the National Debt shows it has topped $14 trillion for the first time.
The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52.
It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February.
The federal government would have to stop borrowing and might even default on its obligations if Congress fails to increase the Debt Ceiling before the limit is reached.
He is destroying the country.
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