Politics

[skyfall123]

*If any other of our presidents had doubled the national debt,
Which had taken more than two centuries to accumulate, in one year,
Would you have approved?*

False. Obama did not double the debt in one year. The debt owed to the public was $6.3 trillion the day he took office. A year later, it was $7.8 trillion, and as of June 1, it was $9.7 trillion. That's a huge increase, to be sure, but nothing close to a doubling, either in Obama's first year or in his first two-and-a-half years. The same holds true when looking at the total outstanding debt, which includes both the public debt and money the government owes to itself. That figure was $10.6 trillion on Jan. 20, 2009; a year later, it was $12.3 trillion, and it’s $14.3 trillion today.

*If any other of our presidents had then proposed to double the debt again
Within 10 years, Would you have approved? *

Partly true. Obama's proposed 2012 budget would double the public debt over the next decade, from $9 trillion in fiscal 2010 to $18.4 trillion in 2019, according to projections by the nonpartisan Congressional Budget Office. The total debt would take a little longer to double; CBO's projection shows that happening by 2021. But since the debt didn't double in Obama's first year, he's not proposing to double it "again" as claimed.

For the record, the debt nearly doubled under President George W. Bush. Only in that sense could Obama accurately be accused of proposing to double the debt "again."

Obama’s ‘Bumbles’ | FactCheck.org