When Barack Obama took office in January of 2009, the national debt was $10.6 trillion….
…Three years, seven months and fifteen days later, as of today, the national debt tops $16 trillion. The debt held by the public sector is now around $11 trillion. In a matter of 1,323 days, the Obama administration has accounted for a 51% increase in the national debt and 75% increase in the debt held by the public sector….
….His increases in both debt categories are more than all of the previous 43 presidents before him.…
…So is it fate or providence that the very same day the national debt clock hits the record $16 trillion is the very same day that the Democratic National Convention opens?