What We Bought for Nearly $10 Trillion in National Debt

Posted by Craig Eyermann

From the time that Barack Obama was sworn into office as the U.S. President on January 20, 2009, to the time the next president is sworn into office in January 2017, the total public debt outstanding will have nearly doubled. Since it started at $10.6 trillion, to call that a massively huge run-up in debt is something of an understatement.  But what did Americans buy with all that debt? In a recent blog post, financial economist Scott Grannis considered that question, and also what it means for Tuesday’s elections:.......To Read More....