Debt Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History

Matt Cover
CNS News
July 1, 2011

Treasury Secretary Timothy Geithner oversaw the largest increase in the national debt of any Treasury secretary in American history, presiding over a $3.7 trillion increase in the debt.

According to data from the Treasury Department’s Bureau of the Public Debt, the national debt has increased$3,723,575,990,130.10 from Jan. 26, 2009 until June 30, 2011, Geithner’s entire tenure to date as Treasury secretary.

When Geithner took office the total national debt stood at $10.6 trillion. As of June 30, 2011, it had risen to $14.3 trillion.

In fact, the debt accrued under Geithner is greater than all federal debt accrued in the first 204 years of the nation’s history. The national debt did not reach $3.7 trillion until October 1991, according to historical Treasurydata that reaches back to 1791.

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