The national debt is suddenly spiraling out of control. After years of relative fiscal constraint, the Obama administration is partying like 1999 and they want to go out in style and soak the taxpayers or bondholders for everything they got. The national debt is now $19.720 trillion.
So I will be commenting on every 100 billion dollar increase, probably every couple of weeks, until it reaches $20 trillion, which I now project will be about December 31.
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