$20 trillion man: National debt nearly doubles during Obama presidency

President Obama took office when the total national debt stood at $10.6 trillion. That number will nearly double by the time he leaves. (Associated Press)

When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.
Mr. Obama’s spending agreement withCongress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves theWhite House.  Read more

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