Obama Administration Adds More to Debt Than 40 Presidents

Source: istockphotoTerence Jeffrey of CNSNews did some starling number crunching this week.  It appears the Obama administration has added a fair amount to the national debt.  Jeffrey explains:

In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

You can read Jeffrey’s full article here.

Two things come to mind after reading this piece.  First, the President probably considers his new $50 billion stimulus proposal a drop in the bucket.  Second, I hope it does not take 40 Presidents to undue the economic damage caused by the current free-spending administration.

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