It’s Official: Obama Has Now Borrowed $3 Trillion
(CNSNews.com) - It's official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.
It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt [2], according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion [3] to the federal debt.
The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.
It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt [2], according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion [3] to the federal debt.
The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.
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posted by BP News Bureau | 9:54 AM
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