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Wednesday, October 5, 2011

Obama Has Now Increased Debt More Than All Presidents From George Washington Through George H.W. Bush Combined

By Rick Pearcey • October 5, 2011, 04:30 PM

Terry Jeffrey reports at CNSNews.com:

The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71 -- up about $44.8 billion from Sept. 30.

That means that in the less than three years Obama has been in office, the federal debt has increased by $4.212 trillion -- more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.