Government

The national debt is now above $16 trillion

How did it get there?

Analyzing the national debt and how it ballooned to over $16 trillion is going to be done a lot by political analysts and economists. There was a very big rise in the national debt in the 2000s that coincided with the wars and the much-criticized Bush presidency.

The Obama presidency has had to inherit a lot of this debt and be able to pay it off. Is it really fair to blame George W. Bush's presidency on the current debt problems? Let's take a look at the facts. The eight years of the Bush presidency saw the U.S. debt go up by $4.899 trillion to $10.626 trillion. Now the national debt has gone past $16 trillion as Obama approaches the end of his first term in office.

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