US Debt equals our the value of the economy. Unbelievable…
USA Today headline story read, “The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That’s roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate. Private projections show the economy likely grew to about $15.3 trillion by December — a level the debt is likely to surpass this month.”
US Debt when Barry took Office: $10.7 TRILLION
US DEBT after Obama’s 1st 3 yrs $ 15.23 TRILLION
Hmmm… stupid. Stimulus by government fails to add jobs, only debt.