Bush presidency saw biggest ever increase in debt in US history.Byline: ANI Washington, Feb 14 (ANI): Former President George W Bush was saved by just 24 days from running up a five trillion dollar government debt, but his presidency saw the biggest increase in the national debt as compared to the reign of earlier presidents. The latest posting on the Department of the Treasury website shows the national debt just hit 10.759-trillion dollars. And that 5-trillion dollars and change more than it was on the day President Bush took office on January 20, 2001, the CBS News CBS News is the news division of American television and radio network CBS. Its current president is Sean McManus who is also head of CBS Sports. Current productions Current television shows
Even so, Bush ran up the biggest increase in the national debt of any American president. The Debt was 5.727-trillion dollars on his first day in the White House. And on the day he left, it was 10.626-trillion dollars. So far, the national debt has increased 133-billion dollars since the day Barack Obama became President. That averages out to 5.3-billion dollars a day. The Congressional Budget Office The Congressional Budget Office (CBO) is responsible for economic forecasting and fiscal policy analysis, scorekeeeping, cost projections, and an Annual Report on the Federal Budget. The office also underdakes special budget-related studies at the request of Congress. estimates the federal deficit this year will hit an all-time high of 1.2-trillion dollars and that doesn't include the stimulus bill. (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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