My Account
Small Font Large Font
Obama's Now Added $6 Trillion to the National Debt
Obama's Now Added $6 Trillion to the National Debt

Since President Barack Obama took office in January 2009, more than $6 trillion dollars has been added to the national debt.

national debt

"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."

MORE
Dem Congresswoman Mocks Kerry's Terrorism Speech
BY JOHN MCCORMACK
But Seriously . . .
How the State of the Union address would have sounded if I’d been the president’s speechwriter.
BY P. J. O’ROURKE
Don’t Forget Who Voted You In
The Republican Congress and the middle class.
BY IRWIN M. STELZER
It’s Called ‘Payback’
BY GEOFFREY NORMAN
Ban on Abortion After 20-Weeks Is Harry Reid's 'Worst Nightmare'
BY JOHN MCCORMACK
Read More