Wednesday, October 19, 2011

A lot of cash

I haven't mentioned this on over a year, but I want to take a look at the US debt. As of today, we are $14.9 trillion in debt, according to the US treasury.

When Obama took office, that amount was $11.9 trillion. An increase of $3 trillion (or 140%)  in just 33 months.

When GW Bush took office, we had a national debt of $5.7 trillion. The debt increased $4.7 trillion in 8 years. This means that the Obama administration is just $400 billion shy of borrowing in 3 years what it took his predecessor 8 years to borrow.

Not like I am really happy with Bush's spending, either. Or Clinton's.

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