The $16 Trillion Man

U.S. national debt passes the $16 trillion mark as the Democratic National Convention begins

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The national debt passed $16 trillion Tuesday, as the Democratic National Convention begins in Charlotte, N.C.

The total public debt outstanding stands at $16.015 trillion according to the Treasury Department.

"This is a grim landmark for the United States," said Sen. Jeff Sessions of Alabama, the ranking Republican on the Senate Budget Committee, in a statement. "The gross debt of our federal government will, for the first time, surpass $16 trillion. That’s more government debt per person than Portugal, Italy, Spain, or Greece. Yet the President seems strangely unconcerned."

The Republicans drew attention to the national debt last week, putting two clocks in the Tampa, Fla., arena. One clock showed the overall national debt, while the other accounted for the national debt accrued since the convention began.