The National Debt Under President Obama

President Obama’s first year is in the books, so it seems like an appropriate time to see how he is handling the National Debt.  When President Obama took office on January 20, 2009, the National Debt stood at just under $10.627 trillion.  On his one-year anniversary of January 20, 2010, the National Debt totaled just over $12.327 trillion.

That means the National Debt has increased by a whopping $1.7 trillion during his first year in office.  That is the largest single year increase of any President in the history of the United States.

It will be interesting to see what the second year holds.