Obama Wanted to Reduce Interest Paid on Federal Debt

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National Debt Clock

The challenges facing Barack Obama were apparent before he took office. A month into his term, he acknowledged that the problems needed to be addressed immediately and stated that he wanted to halt the growth of the national debt, including reductions of the $250 billion in interest that were paid towards it the year before.

Since then, the numbers have continued to rise faster than he had hoped. Much faster.

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