The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Tuesday, March 20, 2012

National Debt has increased more under Obama than under Bush

America: Debt Man Walking. The national debt has increased by nearly $10 trillion in ten years, courtesy of Bush and Obama.
The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office. The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day. The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.
Read the rest here
CBS News