Here’s a flashback to 2008 when then-candidate Obama told America from Fargo, ND that President George W. Bush and his fellow Republicans adding $4 trillion to the national debt was “unpatriotic.”
The problem? Well, in less than one full term, President Obama has already added more debt that Bush did during his entire 8-year term.
…in less than three years in office, Obama has driven up the national debt by $4 trillion himself.
According to Treasury Department figures the national debt was $10.62 trillion ($10,626,877,048,913.08) when Obama took office on January 20, 2009. As of August 22, 2011, the most recent date for which data are available, the national debt stood at $14.6 trillion ($14,612,435,498,338.62) and rising.
When Bush entered the presidency in January 2001, the national debt was $5.72 trillion ($5,727,776,738,304.64).
Due to the recent debt-ceiling deal, the national debt under Obama will exceed the current $14.6 trillion level, running up more debt in three years than his predecessor Bush accumulated in eight years.
Hope for change.