Quote:
Originally Posted by Guest
Obama will leave a 10 Trillion dollar TAF
SO you are saying the debt will be OVER 21,6 Trillion dollars when he leaves office?
it is in the 19 trillion dollar range now so he has to spend something like 2 trillion before Jan.
Lets see IF you look it up you will find that it took over 31 years after WWII for the debt get neat ONE TRILLION dollars.
when Reagan took office the debt was 998 Billion dollars and in LESS the 5 years he ran it up OVER 1 Trillion dollars, yes the great tax cutter, cut taxes ran the debt up to 2.8 Trillion dollars
first President to run the debt up OVER 1 Trillion dollars in his term in office
then GHW Bush took office and ran it up 1.568 Trillion in 4 years
Clinton ran it up 1.5 Trillion in 8 years
YES Clinton ran the debt up LESS in 8 years then GHW BUSH did in 4
then W took over and he ran it up over 5,8 Trillion to 11.6 Trillion ( 101% )
Reagan and W are the ONLY presidents to run the debt up more then ALL their predecessors COMBINED
In order for Obama to join that club he would have to run it OVER 11.6 Trillion to over 23 Trillion dollars.( doubling it like you said )
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Wow, details!
According to TreasuryDirect.gov Obama started with a national debt of $11,909,829,003,511.75 on Sep 30, 2009.
Today's national debt is: $19.5 Trillion
Obama has almost a year more of his responsibility. Even if he does not DOUBLE the national debt, he will still have increased it more than all the other presidents combined.
On the other hand, lets talk about the
public debt:
7,551,861,558,736.77 = Sept 30, 2009
14,113,613,459,659.20 = Sept 16. 2016
Looks like he has already doubled the PUBLIC DEPT and we still have almost a year to go.
My figures come from TreasuryDirect.gov
Yep, Obama has a legacy of debt.