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Truly Astonishing Debt Accumulation

November 11, 2010 By Jeremy Jones, CFA

Federal spending is at the highest level since WII. In five years, the national debt has soared to $11.9 trillion from $7.3 trillion, an increase that equals all the debt accumulated between President George Washington and President Clinton.

Bush & Obama take only five years to run-up the national debt by $5 trillion, an amount equal to all debt accumulated between President George Washington and President Clinton.

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Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
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