U.S. debt now at $17.075 trillion

This is why you do not vote for Democrats people….

The Story:

U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase is an all-time record, shattering the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

Under the law, that replenishing happens as soon as there is new debt space.

via U.S. debt jumps $300 billion — tops $17 trillion for first time – Washington Times.

Ronald Reagan would be doing somersaults in his grave, if he knew about this.

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