During last night's Republican presidential debate on Bloomberg Television, a screen shot, right before a commercial, informed us that the national debt has increased $4 trillion under President Obama, but that it had gone up $5 trillion under President George W. Bush. I'm not about to defend W for starting what would become a decade of out-of-control spending, but a little math does shed some light on this factoid. It has taken Obama only a third of the time (34 months) to effectively achieve what Bush did in 96 months.
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