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What was US national debt before Obama?

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(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office. read more

Alex Wong/Getty Images As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt. Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000. read more

Before Obama took office, President Bush's last budget, for Fiscal Year 2009, created a deficit of $1.16 trillion. That fiscal year began on October 1, 2008 and continued until September 30, 2009. That means most of that deficit occurred after Obama took office in January. read more

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