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OBAMA ADMINISTRATION OVERSEES 4 TRILLION IN NEW DEBT………

 

Seen partying in Martha’s Vineyard.

STUNNING.

National debt has increased $4 trillion under Obama

By Mark Knoller Topics Economy

(Credit: CBS/iStockphoto) The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.

The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.

It’s the most rapid increase in the debt under any U.S. president.

The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.

MORE HERE.

3 Responses

  1. Our ‘Dear Leader’ spending our future like an out of control child.

    1. His severe ‘spanking’ will occur in the 2012 elections, the people will cast their lot with someone else, even if it’s a tin of tuna.

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