Sep 04 2012

United States Debt Tops $16 Trillion

WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina), a member of the Senate Budget Committee, made this statement as the national debt surpassed $16,000,000,000,000.

“During Barack Obama’s first term he’s accumulated over $5 trillion in debt and will soon accumulate more debt than all previous presidents combined.  And if you think it’s bad now I hate to say it’s only going to get worse.  The real Obama debt bombs have yet to be fully realized as we haven’t even begun to receive the bills for the full implementation of Obamacare.

“President Obama has had four years to get the budget under control and he’s only made it worse.

“I stand ready to do the hard things – entitlement reform, reducing spending, and reforming our tax code – which will turn our economy and debt situation around.  Where is your plan to get us out of debt Mr. President?”