“Mr. O brags about what he’s done for the economy but what he’s really done is set us up for the biggest financial collapse in our history. By the time he leaves office he will have run up the national debt by 10 trillion dollars! By far and away the worst performance of any president regarding increasing the national debt. This is his real legacy which of course he never talks about.” Admin
In the six months that have passed since then-retiring House Speaker John Boehner and Senate Majority Leader Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion.
The Senate passed “The Bipartisan Budget Act of 2015” with a vote held in the early morning hours of Friday, Oct. 30. Obama signed it on Monday, Nov. 2.
At the close business on Oct. 30, 2015, the total federal debt was $18,152,981,685,747.52. By the close of business on April 28, 2016—the latest date for which the Treasury has published the number–the total federal debt was $19,186,207,744,589.55.
That is an increase of $1,033,226,058,842.03.
Read More: In 6 Months Since Budget Deal: Debt Up More Than $1 Trillion
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