Of course there are extenuating circumstances. Of course liberals will blame all the increases on Bush. Of course. But, the facts are still the facts, and while you can diminish the severity of any one increase, or pass the responsibility to someone else, it is as valid as any claim made by liberals against Bush, or more.
12,365,000,000,000. As of 2/4/10 at 9:20 am (rounded to nearest billion).
5,706,174,969,873.86 The day Bush took office, the debt was …
10,628,881,485,510.23. The last day of Bush’s second term.
The increase was nearly $5 trillion dollars over eight years, with a huge bailout plan at the end of his administration so as to not throw it on Obama the first day.
10,626,877,048,913.08. The day Obama took office, the debt was.
12,360,943,989,345.48. On February 2, 2010.
That is an increase of 1,734,066,940,432.40 in 378 days.
Congress will vote to increase the debt limit to 14.3 trillion this month.
That would be an increase from January 20, 2009 of $3,673,122,951,087.00 in less than 390 days.
Bush took office with a debt at $5,706,174,969,873.86. Approximately 390 days later, the debt was at $6,003,453,016,583.85. An increase of $297,178,046,710.00.
Of course the wars dramatically increased these numbers. And if we look at the next 2 years of the Bush administration, we would see a dramatic increase. Then again, we will see a meteoric rise in the US debt, very shortly.
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