President Obama leaves office with a final tear jerking speech.
Americans should be crying about the fact that while he's been in power America went almost twice as much in debt and has created an additional $9 trillion debt which means at this point that every citizen of the United States is now $61,000 in debt the moment they come out of their mother's womb.
Every tax payer is $167,000 in debt .
"America went almost twice as much in debt"
But yet many countries in the world continue to lend America money by buying their bonds, dollars and treasury bills.
But as I've been predicting for several years that would all end soon and there as there has been the largest amount of money taken out of the country by China, Saudi Arabia and many other countries in history.
I predict in the coming years that sooner or later the rest of the world will realize what every person should already understand there's nothing is "made in America" except bombs and a few high-tech items.
When was the last time you opened a box with a present that said made in America?
Trump, trumps his horn saying that he can get America great again.
How can he do that when an average American won't get out of bed for less than $20 an hour while Chinese are willing to work for five dollars an hour and a Indonesian will work hard for a dollar an hour producing the same product.
Huge walls won't be needed to prevent Mexicans from entering the country.
They will be needed to protect Americans from leaving the country on both the Mexican and Canadian border as they seek greener pastures in countries that are able provide jobs to produce at a reasonable price.
Rome is falling. Don't kill the messenger Americans are many of my best friends and they all agree that this is the doom of America.
The only solution is to find products and services that America can produce faster, better and at lower price than other countries around the world otherwise all will end soon and Americans will wake up another four years now with another five trillion dollars in debt.
Trump will soon realize that he's in the same position that he has been six times before and will have to declare bankruptcy for America.
I hope I'm wrong but if I was in Las Vegas I would be all in on this happening.
U.S. Debt Grows by a Trillion Dollars in 2016
Andrew Burton/Getty Images
The debt at the end of 2016 was $19,976,826,951,047.80, a one-year increase of $1,054,647,941,626.91.
To put the number in perspective, in order to spend one trillion dollars, you would have to spend ten million dollars a day, every day for 273 years.
The new number continue the rising spiral of debt during the Obama administration. As CNS News reports:
During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.That equals $78,553.84 for each of the 119,026,000 households in the country as of September.
President-elect Trump spoke out against the debt during the election, and made proposals such as the controversial idea of buying back bonds at a discount rate.
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