9/03/2011

U.S. Debt Up 59% Under Obama

Posted by Brian

U.S. Debt Held by Public Tops $10T for 1st Time—Up 59 Percent Under Obama

Friday, September 02, 2011
By Terence P. Jeffrey

(CNSNews.com) - At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday.

During Obama's presidency, debt held by the public has now increased by $3.71694 trillion--or almost 59 percent from the $6.3073 trillion in debt held by the public that the government owed to its creditors on Jan. 20, 2009, when Obama was inaugurated.
Read more at CNS News

FLASHBACK: Obama talks of cutting the deficit in half by the end of his first term.



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