As I caught this headline, U.S. debt jumps a record $328 billion — tops $17 trillion for first time, I recalled hearing a politician once call huge increases in debt unpatriotic.
Just found the clip on Youtube:
Twenty months ago today, CBS News reported that the “national debt has increased more under Obama than under Bush“:
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.
The federal government has added an additional $1.509 trillion in debt since the date when the debt accumulated under Obama exceeded than accumulated under Bush. And the Democrat has not yet completed a full five years in office. George W. Bush served for eight full years.