On his radio show, Thom likes to state over and over that President Bush (43) raised the National Debt by $5 trillion during his 8 years as President. The only way to get this number is to go to the US treasury website (Debt to the Penny) link here: http://www.treasurydirect.gov/NP/BPDLogin?application=np and put in the “from” date of 01/20/2001 and the “to” date of 01/20/2009. On January 20, 2001 that National Debt stood at $5,727,776,738,304.64 according to the US Treasury website. On January 20, 2009 according to the same US Treasury website the National Debt stood at $10,626,877,048,913.08. The difference is $4,899,100,310,608.44. Thom always states Bush raised the National Debt by $5 trillion during his two terms in office. It was actually less than $5 trillion if you consider the US Treasury website a reliable source. Thom rounds the dollar amount up to an even $5 trillion. The only way Thom is able to conclude that Bush raised the National Debt $5 trillion is to use the dates “from” and “to” when President Bush (43) was in office.
Now I will use the same criteria Thom has used for President Bush (43) to determine how much President Obama has raised the National Debt in less than 4 years in office. To use the same criteria Thom uses seems very “FAIR” to me. According to the US Treasury (Debt to the Penny) website, on January 20, 2009 that National Debt stood at $10,626,877,048,913.08. As of May 24, 2012 the National Debt stood at $15,712,446,368,243.65. The difference is $5,085,569,319,330.57. This means, (using the same exact criteria Thom uses to slam President Bush) President Bush raised that National Debt LESS than $5 trillion during his 8 years as President and President Obama has raised the National Debt more than $5 trillion in LESS than 4 years as President. Even though Obama stated during his campaign that he would cut the National Debt in half during his first term in office.
It took 225 years for the National Debt to rise to $5 trillion. It took President Obama less than 4 years to increase the National Debt by $5 trillion.
I know the liberal reactions on this site are going to give a lot excuses as to why President Obama spent all this money. Stimulus, Green Energy ventures like Solindra, bailing out GM at the expense of taxpayers and shareholders. President Obama is always talking about being energy independent. Let’s drill for own energy including oil and natural gas. Would this make an impact on gas prices right away? No of course not. But it will make an impact on prices 5 to 10 years from now? Of course it will.