CBO: Obama to Push Public Debt Above $20 Trillion by 2021

(CNSNews.com) – The Congressional Budget Office says that President Barack Obama’s 2012 budget will cause large and persistent yearly deficits that will push the public debt to $20.8 trillion by 2021. This means that the debt incurred as a result of Obama’s planned decade of deficit spending would be worth 87 percent of the value of all the goods and services produced by the economy