“Ten inconvenient truths about the national debt”

Here is truth number one .

” 1.) The amount by which the public debt — the portion of the national debt not borrowed by the
U.S. government from funds it administers — has increased since President Obama took office
is unprecedented, not politics as usual: more than $4.75 trillion (more than 75%), according
to the Treasury Department. If the president’s second-term budget is implemented, he will end up (according to the Congressional Budget Office) increasing the public debt by $8.9 trillion. That exceeds the public debt incurred by all previous presidents combined — by more than $2.6 trillion. “