President Obama has spent more in three years than George Bush, two wars and all, spent in eight.
(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.
Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds. (CBS News)
Mr. Obama has been quick to blame anything and everything to cover his profligate irresponsibility. Bush bears some of the blame, but Obama has done nothing to fix it. Were he a CEO, he would have been fired by now.
