From The Anti-Media:
February 4, 2016
This means that if the nominal US GDP as of December 31 which was $18.12 trillion grows at the 1.2% rate expected by the Atlanta Fed, total debt to GDP is now on pace to hit 105% at the next GDP tabulation, and rising fast from there.
It also means that since his inauguration in January 2009, the US debt has now risen by a whopping 78.9%, or $8.4 trillion. It was $10.6 trillion when Obama came into office.
Indicatively, the Congressional Budget Office forecasts that the national debt will hit $22.6 trillion by 2020 and will rise to $29.3 trillion by 2026.
This article (As of February, Total US Debt Now at $19,012,827,698,417) originally appeared on ZeroHedge.com and was used with permission. Tune in! Anti-Media Radio airs Monday through Friday @ 11pm Eastern/8pm Pacific. Image credit: Marta Nimeva Nimeviene. Help us fix our typos: email@example.com.