That means it will go over ten trillion when the D's take office. In fact at the burn rate we have now, the treasury secretary's first act in office will be to ask for a raise from congress to 10-11 trillion in debt.
By the time the R's leave office the national debt will have increased an estimated 85%. But once it passes that 10 Trillion mark, that would appear to be a psychological break through that the R's will hammer the D's on.
This Request to raise it to 9.8 trillion has that strategy written all over it. Especially when we see fiscal hawk Republicans voting for it. It's getting dangerously close to being on par with our GDP which means higher interest rates as bond buyers will demand high rates for increased risk.
