'Wall Street zombies, hyenas dodge tax' [Webster Tarpley, Mike Prysner © PressTV]

As the Democratic National Convention got underway in Charlotte, North Carolina, America's national debt topped 16 trillion Dollars. As the news came out, Republicans began pouncing. But who is to blame for this enormous debt? Democrats, Republicans, or both? The fact is that the US govt., whether a Republican or a democrat, has for the past decade, spent money that it has not had. The incumbent Barack Obama has already spent more in 3.5 years of his term, over $5 trillion, than George Bush Jr. did in 8 years.

As the Democratic National Convention got underway in Charlotte, North Carolina, America's national debt topped 16 trillion Dollars. As the news came out, Republicans began pouncing. But who is to blame for this enormous debt? Democrats, Republicans, or both? The fact is that the US govt., whether a Republican or a democrat, has for the past decade, spent money that it has not had. The incumbent Barack Obama has already spent more in 3.5 years of his term, over $5