The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch.The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.And Obama did most of this while his party had strong majorities in both houses of Congress.
It's the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term.
Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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Tuesday, August 23, 2011
When CBS Covers This...
It means the establishment left (the crony capitalists) have had the scales drop from their eyes:
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