Warning to those who support Obama, those still deluded by this terrible President - you might want to cover your eyes, because you're not gonna like this post.
The federal government's national debt has risen to $17.5 trillion, with nearly $7 trillion of that amount being accumulated during the 5+ year presidency of Barack Obama. President Obama is on track to run up more debt than every other President in American history COMBINED, and he has already run up far more dollar debt than any other President. Hope and change, my aunt fanny.
Certain people (deluded Obama supporters) keep trying to tell me the debt is not important for various reasons. All of those people are seriously misguided, and that's the kindest way I can describe them. What I'd really like to do is slap them upside the head and knock some sense into them.
Here's one big reason why they are misguided.
The Congressional Budget Office (CBO) recently released a chart of future projected interest payments to service our ballooning debt. Here's what the CBO projects:
The Congressional Budget Office projects that interest will be $233 billion this year, or 1.3% as a share of the economy.
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