Wednesday, February 19, 2014

+106%: Obama Has More Than Doubled Marketable U.S. Debt

CNS News
February 19, 2014

(CNSNews.com) - The marketable debt of the U.S. government has more than doubled--climbing by 106 percent--while President Barack Obama has been in office, increasing from $5,749,916,000,000 at the end of January 2009 to $11,825,322,000,000 at the end of January 2014, according to the U.S. Treasury's latest Monthly Statement of the Public Debt.
During the eight-year presidency of George W. Bush, the marketable debt of the U.S. government almost doubled--climbing 93 percent--from $2,977,328,000,000 at the end of January 2001 to $5,749,916,000,000 at the end of January 2009.
During the time that Bush and Obama have been in office, the marketable debt of the U.S. government has nearly quadrupled, increasing by $8,847,994,000,000.
Chart of Marketable Debt
However, despite the massive increase in the government's marketable debt during Bush's eight years, Obama managed to accumulate more additional marketable debt in his first five years in office than all the presidents who preceded combined.

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