National Debt Now Tops $16 Trillion... And Most is NOT Owed to China

As the Democrats meet for their convention and make the pitch to the American people for even more government, the national debt has now topped $16 trillion. And who is the person who has added more debt to that total than any president in American history? That's right... Barack Obama.
As reported by The Weekly Standard, "The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark. The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009."

But that's not all. The Weekly Standard references the Senate Budget Committee which reports that under Barack Obama's budget, the debt would leap to over $25 trillion in the next ten years.

Senator Jeff Sessions, ranking member of the Senate Budget Committee, says:
"This is a grim landmark for the United States. The gross debt of our federal government will, for the first time, surpass $16 trillion. That's more government debt per person than Portugal, Italy, Spain, or Greece. Yet the President seems strangely unconcerned. His budget, which received zero votes in the House or Senate, would add another $66,000 in debt for every American household. And the President's majority in the Senate, which is required by law to produce a budget plan every single year, has refused to do so for more than 1,200 days."

Read more: http://www.gopusa.com/freshink/2012/09/05/debt-tops-16t-during-dnc/?subscriber=1