US National Debt Jumps $543,000,000,000 Since December 12 as Ron Paul Cautions Iran Conflict Risk

Data from the U.S. Treasury Department show the US national debt has increased by about $543,000,000,000 since December 12th, with the total now reported at $38.88 billion, roughly 7% higher than a year ago. Former Representative Ron Paul warns the ongoing confrontation involving Iran, the US and Israel could intensify borrowing, pressure the Federal Reserve to cut interest rates and expand bond purchases, and potentially set the stage for a downturn more severe than the Great Depression.