National Debt Has Increased More Under Obama Than Under Bush

(Credit: CBS)

National Debt Has Increased More Under Obama Than Under Bush -- CBS

(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.

The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.

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My Comment: One can easily blame President Obama .... and I do .... but the Republicans have not been good on this issue either.