National Debt Tops $12 Trillion

national debt tops $12 trillion

The Treasury Department announced today that the National Debt of the United States has topped $12 trillion for the first time in history.  America’s National Debt has been growing at an uncontrollable pace in recent years, and that growth has only increased during the Obama administration.

When President Obama took office on January 20, 2009, the National Debt stood at approximately $10.6 trillion, which means the National Debt has grown by $1.4 trillion (or 13%) in less than 10 months.  This is a staggering rate of growth.

Our federal government is borrowing and spending us into bankruptcy.  Please contact your Congressman and Senators, and tell them that you oppose this reckless borrowing and spending spree.

Thank you for visiting this site and reading this article on our national debt. Your interest in the national debt and related topics is very much appreciated, and you are invited to read additional articles on this site.