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U.S. National Debt Surpasses $22 Trillion

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Title : U.S. National Debt Surpasses $22 Trillion
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U.S. National Debt Surpasses $22 Trillion



AFP: US debt hits record under Trump, Republicans mum

Washington (AFP) - More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum.

The sum of borrowing to cover chronic deficits as well as growing interest payments, this mountain of debt already stood at $19.95 trillion when Trump entered the White House, reaching the equivalent of US GDP for the first time since World War II.

By comparison, France's debt, which also is about the same as its GDP, amounted to a little more than 2.3 trillion euros (about $2.6 trillion) in late September.

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Update: The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton (Business Insider)

WNU Editor: Future American generations are not going to look kindly for being stuck with this bill.


AFP: US debt hits record under Trump, Republicans mum

Washington (AFP) - More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum.

The sum of borrowing to cover chronic deficits as well as growing interest payments, this mountain of debt already stood at $19.95 trillion when Trump entered the White House, reaching the equivalent of US GDP for the first time since World War II.

By
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comparison, France's debt, which also is about the same as its GDP, amounted to a little more than 2.3 trillion euros (about $2.6 trillion) in late September.

Read more ....

Update: The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton (Business Insider)

WNU Editor: Future American generations are not going to look kindly for being stuck with this bill.


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