Rep. Dave Brat (R-Va.) warned the American public that the national debt is going to reach “$30 trillion in no time,” explaining that every federal dollar will apply to “unfunded liabilities” and interest on the debt in 11 years, leaving no room for spending in other areas.
The total public debt stood at $5.7 trillion when President George W. Bush entered office in 2001. The debt was $10.6 trillion when President Obama entered office in 2009 after Bush’s two terms as president. The national debt is currently $19 trillion.
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