The national debt has really soared in the last five years. When President Obama took office, the national debt stood at just under $12 trillion. Today, that has number has skyrocketed to $19 trillion. His successor – likely Hillary Clinton – will see that figure top $25 trillion (if he/she serves two terms).
This FRED chart shows the total U.S. public debt under President Obama since 2009. It’s terrifying to think that the incumbent was responsible for a considerable portion of the outstanding federal debt. Don’t expect the line below to significantly descend anytime soon.
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