The Federal Debt

Just had a look at the FY 2010 Federal Budget, the first totally controlled by Obama (although it would be wrong not to give him credit/blame for changes in the FY2009 budget).

At the end of Bush's last complete fiscal year, the debt held by the public (as opposed to on-the books debt held by the Social Security Administration, Medicare, and other governmental agencies) was $5,803 billion. It is currently, as of 11/12/09, $7,588 billion. By the end of Obama's first term's fiscal year, this debt is projected at $10,985.

At the end of the last complete Clinton Fiscal year (9/30/2000) this debt was $3,405.

So, if my math is correct, Bush added c. $2.6 billion to the public held debt in 8 years, while Obama is adding $5.1 billion in 4 years.

Note: The Total Public Debt (Federal) now is $11,986,954,033,520. as of yesterday.
The FY 2010 budget is projected to add $1,171 billion to the debt.

UPDATE: The FY2010 Budget is already off by $20 Billion with $176.4 Billion in deficits for the month. Revenues at 18% lower than expected.
http://hotair.com/archives/2009/11/13/october-deficit-bigger-than-expected/