Rising debt

Discussion in 'Politics and Religion' started by havasu, Nov 24, 2015.

  1. havasu

    havasu In the army now..

    Copied from the Washington Examiner....

    The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants.

    Before the debt ceiling was suspended, the national debt stood at $18.15 trillion. But over the last 22 days, it soared $578 billion.

    As of Friday, total national debt stood at $18.72 trillion.

    Rep. Mike Coffman, R-Colo., marked the spike in debt late last week, when he warned that the debt has jumped by more than $8 trillion under President Obama's watch.
  2. phideaux

    phideaux Well-Known Member Lifetime Supporter

    That's why us old folks on SS aren't getting our 1.5 to 2 percent raise this year.:rolleyes:

    ummmmh , all them years I paid into it....:mad: