Barack Obama Doubles US Marketable Debt in 5 Years
On July 3, 2008 — the day before Independence Day — Barack Obama said that adding $4 trillion in debt was “irresponsible and unpatriotic”.
But that was before he doubled the US marketable debt in five years.
CNS News reported:
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.