10 Sobering Facts About the National Debt

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4. Obama Debt

Of the nearly $16 trillion in national debt the federal government has borrowed, more than half of that has been accrued under President Obama. In under 8 years this administration has added more to the debt than all previous administrations combined.

5. Jefferson on Debt

American founding father Thomas Jefferson once wrote that national debts were akin to stealing from future generations.

“Spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson

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