President Barack Obama and former President George W. Bush (AP Photo)
(CNSNews.com) – The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.
At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.
That means the debt has increased $5,696,206,400,691.90 during Obama’s presidency.
On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90—the amount it has increased in less than one full term of Obama.
Gee Richard, where were all the Republicant fiscal conservatives when Bush jr. and the Republican controlled Congress from Jan. 2001 to Jan 2007, when they ran surpluses from the Clinton Administration prior? Oh wait, it’s ok to run huge budget deficits when they ran the country heh?
Didn’t see you whining about it back then, but that was before we got a nigger for President.
Did you ever find proof that President Obama was born in a aforeign country yet? OR that he’s a Muslim?
Hypocricy in and hypocricy out.
Frank