"Remember when President Barack Obama boasted of lowering the debt by half? Or when, in 2008, Obama accused President George W. Bush of being “unpatriotic” for taking out a “credit card in the name of Bank of China.”
Well, it appears that Obama has reached his self-defined “unpatriotic” zone himself. According to CNS News, the new debt increase from the Obama administration is more than all of the presidents from George Washington to Bill Clinton COMBINED:
- The total federal debt of the U.S. government has now increased more than $7 trillion during Barack Obama’s tenure as president.
- When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. Now it has risen to $17,618,599,653,160.19 — up $6,991,722,604,247.11 from Obama’s first day on the job.
- The $7,060,259,674,497.51 in new debt alone from Obama’s presidency is $61,341.82 per household.
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