DUCP: US DEBT ECLIPSES ECONOMY, REACHING $16 TRILLION -RT
$16 trillion debt is a landmark number that has more than tripled during the last two presidencies. At 104 per cent of the nation’s gross domestic product, the debt is now larger than the US economy itself.
“This is a grim landmark for the United States. Yet the president seems strangely unconcerned,” said Sen. Jeff Sessions of the Senate Budget Committee. Each day, the debt grows by roughly $3.5 billion, or about $2 million per minute.