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.


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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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