- Feb 10, 2005
- Reaction score
- Montgomery, Al
In a CNBC interview, billionaire Donald Trump says Bernanke’s printing policy will lead to “massive inflation” and is warning investors to take steps now to protect themselves.
Most dismiss such warnings. But consider this: Since Obama’s inauguration, the federal debt has increased by $4.2 trillion. That is more than ALL the debt racked up from the birth of our country through President George H.W. Bush, according to CNS News. That comes out to a staggering $53,642 per family of four.
When Social Security, Medicare, Medicaid, interest owed on debt, and other obligations are included, America’s real debt is a daunting $55 trillion, leaving the average family of four with a jaw-dropping bill of $683,161.