The double-the-debt decade

  • The double-the-debt decade
    The double-the-debt decade
President Barack Obama took the oath of office for his second term on Sunday, Jan. 20, 2013, in a private ceremony inside the White House. As of that day, the total debt of the federal government was $16.43 trillion. Last Tuesday, it climbed from $32.84 trillion to $32.89 trillion -- a little more than twice what it was on Obama’s second inauguration. The first Congress of the United States…

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