Written By: Sam Rolley - Personal Liberty Digest | Posted: Wednesday, September 5th, 2012
From Personal Liberty Digest
On Tuesday, the Democratic National Convention got under way as a historical landmark in American history took place: U.S. debt reached $16 trillion.
The debt racked up by American leaders represents 104 percent of the Nation's gross domestic product, making it larger than the entire economy. The national debt has tripled under the previous two Presidential administrations.
"This is a grim landmark for the United States," Senator Jeff Sessions (R-Ala.), the top Republican on the Senate Budget Committee, said in a statement. "That's more government debt per person than Portugal, Italy, Spain or Greece. Yet the president seems strangely unconcerned."
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