Monday, September 5, 2011

During Obama's presidency, debt held by the public has now increased by $3.71694 trillion - or almost 59% 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

For the first time in the history of the United States, the publicly held debt of the federal government has reached $10 trillion, according to data released by the U.S. Treasury Department. Of course, if Obama has his way, this figure will go a lot higher.

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