America’s debt surpasses the combined debt of the eurozone and the U.K., according to new figures released by Republicans on the Senate Budget Committee.
At the end of last year, U.S. debt stood at $15.1 trillion, compared to $12.7 for the eurozone and U.K.
The news comes as President Obama is criticizing Rep. Paul Ryan for his budget proposal, something the Wisconsin lawmaker said comes as no surprise.
Ryan said he’s prepared for the president and other critics who claim his plan will hurt the nation’s poor.
The chairman of the House Budget Committee said his proposal would spare people 55 and older from cuts in programs like Medicare.
“The question is, do we reform these benefit programs … or do we kick the can down the road?” Ryan told MSNBC.
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SOURCE: CBN News