United States Debt Now It's U.S. $ 16 Trillion


This debt is reaching the maximum limit of U.S. $ 16.4 trillion

American debt has now reached U.S. $ 16 trillion, the highest to date. That is, every American - whether men, women, and children - take on debt of about U.S. $ 50,000.

According to Voice of America, the most recent data revealed that the U.S. debt the Treasury in Washington DC on Tuesday. In the midst of an economic crisis that is still ensnare the United States, current debt set a new record that had been expected.

However, the amount reaching the maximum threshold that has been set by the government, the U.S. $ 16.4 trillion. Officials estimate that the number of U.S. debt could reach the threshold at the end of this year.

The problem is, the U.S. government can not apply for loans that exceed the threshold again - to finance all of its obligations - for not yet approved by the parliament (Congress). Until now, Congress still has not agreed on ways to address the budget deficit and tackle government debt.

The announcement of new U.S. debt comes amid hostility from heat Democrat - who dominate the government - and the Republicans (who dominate the House) before 6 November 2012 Presidential Election. This issue is directly exploited by Republican politicians, like John Boehner.

Politicians who was serving as Speaker of the House was assessed a record U.S. debt that it signifies "the failure of President Barack Obama's pledge to reduce the budget deficit by half." Obama stronghold of the Democratic Party did not stay silent.

Ben Labolt of the Obama campaign, told Yahoo! News, said that if the debt on issue, Republican politicians should also not forget the words they've endorsed Mitt Romney at snapping as their presidential candidate at the National Convention last week: "We make it so. "

source: vivanews

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