US $20 trillion in debt by 2019…. (Just A Reminder)

Obama revises budget estimates.

As you read here last week, Barack Obama’s estimate of the budget deficit was off by a mere $2 trillion. According to the Obama administration, the U.S. deficit will skyrocket to $9 trillion over the next 10 years — $2 trillion more than it forecasted earlier this year.

Add that to the existing $11 trillion budget deficit and you get a $20 trillion national debt by 2019.