
No, Barack, not Bush’s fault.
(CNSNews.com) — President Barack Obama has now increased the national debt by approximately $5 trillion since the day he was inaugurated, according to the official debt figures the U.S. Treasury released at 4:00 p.m. on Wednesday.
While Obama has been president, the federal government’s debt has increased by $15,824.21 for each of the 313,223,079 million people that the Census Bureau now estimates live in the United States — and by $41,762.92 for each of the nation’s 118,682,000 households.
On Jan. 20, 2009, the day Obama was inaugurated, the federal government’s debt was $10,626,877,048,913.08. As of the close of business on Tuesday, March 20, 2012, it was $15,583,383,846,149.34.
That represents an increase of $4,956,506,797,236.26 — which rounds to $5 trillion.
