Remember when then-Senator and candidate Barack Obama called George Bush irresponsible and unpatriotic for raising the debt ceiling? Well, he’s singing a different tune now that the national debt was raised to $16.4 trillion! By election day in November, that will mean every man, woman and child owes $50,000 toward the national debt. Keep in mind, that figure doesn’t count unfunded liabilities like Social Security, Medicare and public employee pensions.
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