Re: Hillary Clinton Pt. 2
Posted: Mon 07 Nov 2016, 22:24:21
One unpleasant surprise waiting for President Hillary in January will be the debt bomb left behind by Obama.
The CBO just released their annual report today and it isnt' good.
cbo-2015-2016/reports
The annual deficit for budget year 2016 was up quite a bit over last year, reflecting the Rs passing Os legislation that ended the sequester.
The total deficit is now over 19 trillion, and interest is running 250 BILLION dollars a year. The projection for 8 years from now is an annual interest payment of ca. 600 BILLION dollars.
What a waste. 600 billion dollars a year being wasted on interest payments to service the debt that O and the rest of the dodos ran up.
The CBO just released their annual report today and it isnt' good.
cbo-2015-2016/reports
The annual deficit for budget year 2016 was up quite a bit over last year, reflecting the Rs passing Os legislation that ended the sequester.
The total deficit is now over 19 trillion, and interest is running 250 BILLION dollars a year. The projection for 8 years from now is an annual interest payment of ca. 600 BILLION dollars.
What a waste. 600 billion dollars a year being wasted on interest payments to service the debt that O and the rest of the dodos ran up.