Mike Huckabee falsely claimed that under President Obama, the national debt is "eight times" what it was under President Bush. In fact, the total public federal debt on May 6 was 1.2 times larger than it was when Obama entered office.
Loading the player reg...
Huckabee falsely asserts debt has increased "eight times" under Obama
Huckabee: "[A]n unbelievable debt -- eight times in President Obama's administration of what it was under George Bush." On the May 7 edition of Fox News' Your World with Neil Cavuto, Huckabee said:
People aren't into ideology right now. What they're into is the practical solution to real problems: overspending, overborrowing, and dealing with this train wreck that we see coming as a result of an unbelievable debt -- eight times in President Obama's administration of what it was under George Bush, when people were mad at Bush for running it up.
Federal statistics: Debt was $10.6 trillion under Bush, is now $12.9 trillion
Treasury website: Debt on January 20, 2009, was $10.6 trillion; debt is now $12.9 trillion. According to a search of the "Daily History of the Debt" application on TreasuryDirect.gov, the total outstanding public debt on January 20, 2009 -- the day Obama was inaugurated -- was $10,626,877,048,913.08. The total debt on May 6 was $12,932,913,325,200.66.
$12.9 trillion is 1.2 times larger than $10.6 trillion. If the total national debt had increased "eight times" under Obama, the current debt would be $84.8 trillion.