National Debt Explodes $6 Trillion Under Obama
Under President Barack Obama, the national debt has grown by more than $6 trillion, the largest increase under any president in U.S. history.
According to the Treasury Department, the national public debt now stands at $16,687,289,180,215.37.
On the first day of Obama’s first term, the debt was $10.626 trillion.
Under President George W. Bush, the debt grew $4.9 trillion in eight years.
Presently, the federal government is embroiled in a contentious debate over $85 billion in budget cuts, or 0.005% as a percentage of the national debt.