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United States federal debt now tops $16 trillion

2012-09-05 5 Dailymotion

SUBSCRIBE to Next Media Animation: http://www.youtube.com/subscription_center?add_user=NMAWorldEdition <br /><br />The American federal debt now tops $16 trillion, the Treasury Department of the United States said on Tuesday. The federal government now owes $50,000 for every man, woman and child in the United States.<br /><br />How did the United States get into this mess? It started with George W. Bush, who in his second term grew the federal debt from $7.6 trillion to $10.6 trillion. In his first term, President Barack Obama has president over an increase to $16 trillion.<br /><br />When will the madness stop?<br /><br />FROM THE NMA VAULT!<br /><br />Facebook: http://www.facebook.com/NMAtv<br />Webpage: http://www.nma.tv/<br />Twitter @nmatv: https://twitter.com/#!/nmatv<br />Tumblr: http://nmatv.tumblr.com/

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