United States federal debt now tops $16 trillion

SUBSCRIBE to Next Media Animation: http://www.youtube.com/subscription_center?add_user=NMAWorldEdition The American federal debt now tops $16 trillion, the Treasury Department of the United States said on Tuesday. The federal government now owes $50,000 for every man, woman and child in the United States. How did the United States get into this mess? It started with George W. Bush, who in hi ...