The debt was a hair over 100 billion in 2006 before Pelosi became speaker. It was coming down to nearly balanced because the economy was on a strong and steady climb.
Then, it ballooned to 1.5 trillion under Obama, Pelosi and Reid. It has come down quite a bit but is still historically high. Last check, north of $500 billion, but that may be down more.
The left measures from the worst level under Obama and then shows how he’s lowered it 2/3rds. Interesting math.
If I overspend my salary by 100,000, and then the next year overspend it by only 33,000...I am doing good, right?
Those deficits caused so much economic devastation that the only possible solution was to have Obama come in and immediately start spending trillions of dollars we didn't have.
Gotta love the Left. They're just wacky.
US debt was $10.6 trillion when Obama took office. It currently stands at $18 trillion, or $154,000 for every tax paying citizen in this country. Over the 8 years of George Bush’s presidency, he added $4.9 trillion.
We haven't had real growth in decades. We won't have much in the future as well do to the different gangs running our .gov and economy.