How’s that for a legacy?
The U.S. National Debt is a train-wreck. The official debt will be $20 trillion (that is $20,000,000,000,000.00) when Trump takes office and the unfunded liabilities $200 trillion, depending on who is counting.
That is almost $166,000.00 per taxpayer. How much do you have saved up?
Watch a live train wreck:
It can never, ever be repaid.
Obama will have added more official debt than all of the previous 43 presidents combined.
But, but, but Obama said he has reduced the deficit.
But liberal guru Paul Krugman says there is no problem. Consider the source.
Denial is not a winning strategy (just ask Hillary and her alphabet media pals), but it does prolong the period before the crash.
The losers in the crash will not be the financial or political elite. That leaves the rest of us.
From Paul Krugman, PhD and Nobel Prize Winning Economist:
“… there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.”
He might be right, 33,000 “missing” emails might be about nothing but yoga pants and weddings, the military buildup in the middle-east is merely for show, massive debt helps the average person, you can keep your doctor, Obamacare will save you money, he did not have sexual relations with that woman, hope and change have been a resounding success, Santa’s elves are making really cool toys for Christmas, a single F-35 helmet that costs $400,000 is a bargain, “Trump has a 2% chance of winning”, and the economy has “never been stronger”.
Yes, he might be right…