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.
The following two tabs change content below.
Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Is the Socialist Bent of the 2020 Presidential Race a Threat to Markets? - April 18, 2019
- Do You Want the Fed to Raise Prices? - April 17, 2019
- As Disney Moves to Consolidate Hulu, AT&T Prepares its Own Netlflix Competitor - April 16, 2019