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National Debt Will Hit $20 Trillion on May 17th, 2015

It’s just my guestimate, but I am going to start a countdown timer to that date. Even if taxes were raised $1.6 Trillion (this is what President Obama wants now, but it is double what he mentioned during the campaign), he will still raise spending and outpace any increased monetary confiscation (raised taxes) the Democrats employ.

President Obama talks about conservatives holding the country hostage over tax increases for the “wealthy,” but he is holding the country hostage by not┬ádelineating┬áspending cuts. ┬áTherefore, we will hit the $20 Trillion National Debt mark in 2 1/2 years.