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Treasury Dept: Obama Added $6 Trillion to US Debt in 4 Years; Bush $4.9 Trillion in 8 years

Posted by FactReal on September 5, 2012

Obama has added $5.4 trillion to the U.S. debt in just 3 years and 8 months according to the numbers from the U.S. Treasury Department. If he continues spending at the same rate ($1.5 trillion per year), Obama will have added $6 trillion to the U.S. national debt at the end of his 4 years as president.

Bush added $4.9 trillion to the U.S. national debt…but in 8 years or $612 billion per year ($0.61 trillion per year) which means less than half of Obama’s rate.

PRESIDENT U.S. DEBT INCREASED
From To
TOTAL ADDED TO U.S. DEBT
Barack H. Obama
(Jan. 2009 thru Aug. 2012)
$10.6 Trillion $16 Trillion $5.4 Trillion in 3.67 years
George W. Bush
(Jan. 2001 thru Jan. 2009)
$5.7 Trillion $10.6 Trillion $4.9 Trillion in 8 years
Under Obama, the U.S. Debt Increased from $10.6 Trillion to $16 Trillion
Under Bush, the U.S. Debt Increased from $5.7 Trillion to $10.6 Trillion
Source: U.S. Treasury Department
http://www.treasurydirect.gov/NP/BPDLogin?application=np
This is the same Obama who in July 2008 called then-President Bush unpatriotic and irresponsible for adding almost $4 trillion to the U.S. national debt in 7 years and 7 months. In July 2008, the U.S. debt was at $9.5 trillion — which meant that Bush had added $3.7 trillion to the debt from January 2001 through July 2008 (7.58 years).
U.S. Debt for Fiscal Years 2000 through 2010
Historical view: If you look at the U.S. debt at the end of each fiscal year (September 30th), Obama is adding to the U.S. debt at a faster rate than Bush:
OBAMA FACTS
Obama’s Promises in 2008 vs. 2012 (Video)
Obama’s $16 Trillion Debt…a 60% Increase in 4 Years (Videos)

CLINTON FACTS
Bill Clinton’s Tax Increases Slowed Growth
Bill Clinton’s War on Women: Rape, Sexual Harassment…(Videos)
Bill Clinton’s Victim – Juanita Broaddrick Said Clinton Raped Her (Videos)
Summary: How Clinton and Democrats Created the Economic Crisis
How Clinton Helped to Create the 2008 Financial Crisis (Video)

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