Agit8r
Gold Member
- Dec 4, 2010
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The national debt currently sits at $22.5 trillion. By the end of 2008, when former President Barack Obama was first elected, the national debt sat at $10 trillion. In 2016, it was $19.6 trillion.
The U.S. GDP for the second quarter of this fiscal year was revised down to a 2 percent increase, down from 3.1 percent the previous quarter.
So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?
US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII