U.S. Debt Surpasses $16 Trillion
The U.S. national debt surpassed $16 trillion on Tuesday as the Democratic National Convention convened.
When President Barack Obama was sworn into office, the country’s debt was under $10 trillion, which means under Obama the country’s debt has increased by $6 trillion — or 60 percent.
Sen. Jeff Sessions (R-AL), ranking member of the Senate Budget Committee, said this is a “grim landmark for the United States,” and the government will have more debt per person than Portugal, Italy, Spain, or Greece.
“By failing to outline any serious plan for the financial future of this country, Democrats who run the Senate and the White House have no basis on which to ask to be kept in their majority,” Sessions said. “The nation is in desperate need of strong executive leadership to end the financial chaos, restore discipline to government, and lead us to an economic renaissance.”
Sessions said the country was on “a dramatically unsustainable path,” and Washington, by doing things like mailing “billions of dollars of tax credits to illegal aliens” in the midst of this debt crisis, was “disconnected from reality.”