PJ Media » A Fifth of Doom

It was a remarkable thing, but on Wednesday the debt stood at a comparatively paltry $16,738,000,000,000 — meaning we added about $328,000,000,000 (that’s Billion with a B) on Thursday alone. That beat our previous record of issuing $238,000,000,000 in one day back in 2011.

Why the explosion of a third of a trillion dollars on Thursday? That’s the day Congress agreed to raise the debt limit, an action which President Obama had assured us “wouldn’t raise the debt.”

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