President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George W. Bush over eight years in office. Without fiscal constraint, the debt limit would top $18.5 trillion by the end of Obama’s term, increasing by another $1.3 trillion from today’s level.
President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George W. Bush over eight years in office. Without fiscal constraint, the debt limit would top $18.5 trillion by the end of Obama’s term, increasing by another $1.3 trillion from today’s level.