Obama Budget Would Add Another $9.3 Trillion to the Debt
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(Worthy News) – President Barack Obama presented a budget to Congress on Tuesday that if enacted would add nearly $10 trillion to the national debt, according to the White House’s projections.
The president’s final budget, widely considered to be dead on arrival due to the Republican-controlled Congress, projects the nation would face a $27.4 trillion debt in 2026.
The budget set the actual total debt for 2015 at $18.1 trillion, projecting an increase of $9.3 trillion. When President Obama took office the debt stood at $10.6 trillion. [ Source ]
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