From the Washington Examiner:
Debt to reach highest level since 1950 this year
The national debt this year will jump to the highest level since 1950 relative to the size of the economy, the Congressional Budget Office reported Tuesday.
The agency projected that the debt held by the public will rise 3 percentage points to 77 percent of U.S. gross domestic product by the end of fiscal year 2016 in September.
Debt has not hit that ratio since 1950, when the government was still in the middle of paying down the debt it incurred paying for World War II.
The National Dept is approaching $20 Trillion Dollars and showing zero signs of slowing down. It was $10.6 Trillion when Obama took office.
Just to get a sense of scale for how large one trillion is, if you had one trillion dollars and spent $1,000 (One Thousand Dollars) each and every second, the money would last for a little over 31 years (31.709)
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