Obama has run up the debt $2 trillion in just 421 days. Hope & Change ain’t cheap, pal!
From CBS News’ Mark Knoller:
The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.
The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.
President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days.
That’s $4.75 billion a day — without possibly adding Obamacare to the pile.
Clearly the only way to ensure that the debt doesn’t amount to more than 100% of the national economy by 2012 is to spend a lot more money, and fast!