U.S. Debt Clock reaches $16 trillion

Tuesday, September 4, 2012 - 2:46pm

In the midst of political conventions, the U.S. National Debt Clock has reached an unwelcome milestone - $16 trillion dollars in total federal debt.

In an election already focused on domestic issues like jobs, spending and deficits, the debt underscores just how much is at stake in November for both parties.

Each are offering dramatically different ways to dig out of this deep hole.

Mitt Romney recently hammered President Obama over federal spending and the national debt, emphasizing his focus on a fiscal message. Romney used a traveling national debt clock as his backdrop during an event in Florida.

The candidate has pledged that he will trim bloated federal spending and move America toward a balanced budget.

According to Fox News Sunday, David Axelrod, a top adviser to Mr. Obama, said the president has a "plausible plan" to stabilize the debt, but acknowledged the plan doesn't actually begin to reduce it.

You can see the U.S. National Debt Clock here.

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