Diary

#NationalDebt : It will be over $20 trillion when Barack Obama leaves office

In the left hand sidebar, my site, The First Street Journal maintains a link to Treasury Department’s listing of the National Debt, to the penny. As of yesterday, the National Debt stood at $19,929,184,161,352.13.

On November 29, 2015, a year previously, the National Debt stood at $18,782,451,267,806.04. That means that we’ve added $1.147 trillion to the debt over the last year, for an average of $3.134 billion per day. With 53 days remaining until President Obama’s term is over, the National Debt should be roughly $20.095 trillion when Donald Trump takes office.

Remember when then-Senator Barack Obama (D-IL), campaigning for President on July 3, 2008, said that it was “irresponsible” and “unpatriotic” of President Bush to have added $4 trillion to the National Debt, “all by his lonesome:”

Well, the National Debt stood at $10,626,877,048,913.08 on the day President Obama took office, and if the $20.095 trillion guesstimate is accurate, we will have added roughly $9.468 trillion, almost twice what was added under President Bush, to the debt, virtually doubling it.

I wonder if Mr Obama would see himself as irresponsible and unpatriotic?
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Cross-posted on The First Street Journal.