Obama’s Tab: $2 Trillion In 421 Days

by Stephan Tawney on March 17, 2010

Barack Obama’s setting all kinds of records these days. The least accomplishments to acquire a Nobel Peace Prize, the largest deficits in American history, the fastest-plummeting approval rating of any president in polling history…and now this.

Under Democratic leadership in the White House and in Congress, the federal government has racked up $2 trillion of debt in just 421 days, or 1 year and 56 days. CBS News:

The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.

The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.

President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days.

And let’s keep in mind that for the last two years of the Bush Administration the budget was controlled by Democrats in Congress. Obama is serving up $2 trillion debts in a fraction of the time thanks to his own party in control of the legislative branch.

With Republicans in control of the White House and the Congress, it took five years to rack up $2 trillion in debt. As stated above, it’s taken Democrats just 421 days to do the same.

Imagine what our national debt will look like in 2012, especially if ObamaCare passes.



Leave a Reply