COMMITTEE on WAYS and MEANS

Chairman Dave Camp

Print this Page Facts Are Stubborn Things

Sarah Swinehart (202) 226-4774

Debt Has Grown by $5 Trillion in Four Years, Despite Obama’s Being “Committed to Continuing to Cut Our Deficit”

f t # e
Washington, Jan 15, 2013 | comments
Fiction
 
“Building on the $2.5 trillion in deficit reduction he has already signed, President Obama is committed to continuing to cut our deficit….” (“White House Deficit Reduction Fact Sheet,” January 14, 2013)
 
Fact

 
Debt Held by the Public
 
January 2009                     $6.3 trillion
January 2013                     $11.6 trillion

Change                            +$5.3 trillion (84% increase)

(
U.S. Department of the Treasury, accessed January 15, 2013)

 ###



f t # e