Showing posts with label Mark Knoller. Show all posts
Showing posts with label Mark Knoller. Show all posts

Monday, March 26, 2012

CBS News Reports Debt Increased More Under Obama Than Under Bush

Don't forget folks, the conservative press is the enemy.

Mark Knoller has the story here:

"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.

The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services."