Obama's Now Added $6 Trillion to the National Debt

Discussion in 'News / Current Events' started by Revmitchell, Mar 2, 2013.

  1. Revmitchell

    Revmitchell
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    "Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37)," reports Mark Knoller of CBS.

    "On January 20, 2009, the day Mr. Obama took office, the debt stood at $10.626 trillion. The latest posting reflects an increase of over $6 trillion."

    And debt is expected to increase by nearly another trillion this year. "Nevertheless, the Office of Management and Budget projects the national debt will continue to increase by over $800 billion this year and by amounts in the range of $500 billion to $800 billion in the out years - all of which will add to the national debt."

    It's an historic achievement for Obama, CBS notes.

    "It's the largest increase to date under any U.S. president. During the eight-year presidency of George W. Bush, the debt soared by $4.9 trillion."
    - See more at: http://www.weeklystandard.com/blogs...ational-debt_704980.html#sthash.wihCDiWN.dpuf
     
  2. Oldtimer

    Oldtimer
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    It's still Bush's fault!!

    Obama inherited a mess and he's doing everything he can to clean it up. Give him more time. Bush was in office 8 years. Obama is just starting his 5th year. How many more trillion is it going to take over the next 4 years to counter Bush's $4.9? Evidently $6 isn't enough.
     
  3. Salty

    Salty
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    did I hear Obama blame Lincoln for the debt......
     

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