“The entire world's economy is on the top of a soup bubble. There has never in history been a failure of this kind of magnitude. All of the money in the world is gone. Where did it go? Who knows, but it's gone.”

It’s been almost a decade and a half since conservative commentator Bill Whittle — railing against the Obama administration’s orgy of federal spending — offered this dire prognosis on national debt.

'A default is an economic breakdown. It's for real. We may never reclaim America’s position in the world.'

And those were the good old days — when America was a paltry $15 trillion in the red. By the time President Barack Obama left office in January 2017, the number had climbed to just shy of $20 trillion — $8.6 trillion more than when he took office in 2009.

Since then, we’ve ex

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