It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Monday, November 28, 2016

Where the National Debt Will Be When Obama Leaves Office and What Will Happen to It Under Trump



Extending that projection out further, by the time that President Obama reaches the end of his tenure in office on January 20, 2017, the U.S. total public debt outstanding would be slightly under $20.16 trillion, which would mean that President Obama’s fiscal policies would be responsible for having increased the size of the national debt by $9.5 trillion, nearly doubling its size since he was first sworn into office on January 20, 2009. Over the 8 years of his presidency, that represents the national debt of the U.S. growing by an average rate of nearly $1.2 trillion per year.
According to the Committee for a Responsible Federal Budget analysis, the various fiscal policy proposals that President-elect Donald Trump advanced during the 2016 election campaign would result in the U.S. national debt increasing by another $5.3 billion over the next 10 years, which would represent an average growth rate of $0.53 trillion per year.

http://www.mygovcost.org/2016/11/26/grim-milestone-for-national-debt-ahead/

No comments:

Post a Comment