Debt Poised to Hit 22 Trillion.

(Drudge Report) - According to the U.S. Treasury the debt of the federal government is currently sitting at $21854296172540.94 and at our current pace we will likely hit the $22 trillion mark next month. This is a horrifying national crisis and yet nothing is being done about it. When Barack Obama entered the White House in January 2008 the U.S. was $10.6 trillion in debt and so that means that we have added 11.2 trillion dollars of new debt to that total in less than 11 years. Needless to say it doesnt take a math genius to figure out that we have been adding an average of more than a trillion dollars a year to the national debt for more than a decade. But instead of getting our insatiable appetite for debt under control Congress is actually accelerating our spending. At this point there is no possible scenario in which this story ends well. Read More