It's Over: Dems & Reps Both Conspiring To Bankrupt America And Destroy Our Future

Zero Hedge | 1/20/2009 | Staff
chrismpotts (Posted by) Level 3
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Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care.

Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal was just reached which will dramatically increase federal spending and will suspend the federal debt limit until after the next election. In other words, both sides are conspiring to make our debt problem much, much worse over the next year and a half, and this should be causing howls of outrage all across America. But instead most Americans seem content to go along with the free spending ways of our political leaders, and only a handful of voices are sounding the alarm as we steamroll toward financial oblivion.

Barack - Obama - January - US - Debt

When Barack Obama was inaugurated on January 20th, 2009, the U.S. national debt was sitting at a grand total of $10,626,877,048,913.08.

Of course we proceeded to go on the greatest debt binge in the history of our nation, and when Obama’s two terms ended the U.S. national debt had risen to $19,947,304,555,212.49.

Donald - Trump - Office - Debt - Pace

Then Donald Trump took office, and we have continued to rack up debt at a staggering pace. In fact, at this moment the U.S. national debt is $22,023,119,533,123.43.

So over the last 10 and a half years, we have added just under 11.4 trillion dollars to our mountain of debt. And when you break that down, that means that our politicians have been stealing more than 100 million dollars every single hour of every single day from future generations of Americans during the Trump/Obama era.

End - State - Debt - 6-trillion

By the end of 2020, it will be approaching $25 trillion. And that doesn’t include state and local debt of $3 trillion plus their $6-trillion unfunded...
(Excerpt) Read more at: Zero Hedge
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