House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that were it not for “the work” of President Barack Obama, the federal debt would have increased even more than the $9 trillion that it has increased over the eight years of his presidency.
“Absent the work of President Obama this national debt would be even higher,” Pelosi said at her weekly briefing with reporters at the Capitol when asked about the increase in the federal budget under Obama.
According to the U.S. Treasury, the federal debt rose from $10,626,877,048,913.08 when Obama was inaugurated on Jan. 20, 2009 to $19,951,756,200,280.98 on Jan. 11, 2017, the latest day for which the number is available. That is an increase of $9,324,879,151,367.90.
CNSNews.com asked Pelosi: “The federal debt has increased by more than $9 trillion during Obama’s time in office. Do you regret that President Obama never balanced the budget?”