How much was the US deficit when President Bush left office?
When Bush left office, the debt was $10.7 trillion dollars. Such a number continues to climb at an enormous and alarming rate.
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About Debt
Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)
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