Rand Paul Powered by Trendolizer

National debt balloons to $21 trillion — and it may not stop there

Trending story found on www.theblaze.com
National debt balloons to $21 trillion — and it may not stop there
For the first time, the national debt has hit $21 trillion. That figure was $20 trillion on Sept. 8, a little more than six months ago. Why is this happening? Federal borrowing has gone up since February, when Congress passed legislation to suspend the debt ceiling. That allows the government to continue borrowing as much as it desires, to fund expenses approved by Congress. The law allows for unbridled spending until March 1, 2019. By that time, another $1 trillion or more could be added to the national debt. Since the debt ceiling was lifted Feb. 9, the debt increased...
[Source: www.theblaze.com] [ Comments ] [See why this is trending]

Trend graph:

Comments