The BlogObama's Now Added $6 Trillion to the National Debt10:19 AM, Mar 2, 2013
• By DANIEL HALPER
Since President Barack Obama took office in January 2009, more than $6 trillion dollars has been added to the 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." Recent Blog PostsThe Weekly Standard ArchivesBrowse 18 Years of the Weekly Standard
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