Wednesday, March 17, 2010

National Debt up $2 Trillion in The 421 Days Obama Has Been President

The national debt has increased by $2 trillion since Obama took office 421 days ago. Bush increased the deficit by just under $5 trillion by the time he left office (a record), but it took him more than four years to hit the $2 trillion mark. Obama has set a new high water mark, and not one that we should be proud of.

"The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.

The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.

President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days.

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