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In a jaw-dropping new report, CNSNews.com reports that in the first 19 months of his administration, President Barack Obama has added $2.5260 trillion to the public debt -- more than all presidents from Washington to Reagan COMBINED.
The CBO predicted this week that the annual budget deficit for fiscal 2010, which ends on the last day of this month, will exceed $1.3 trillion.
The first two fiscal years in which Obama has served will see the two biggest federal deficits as a percentage of Gross Domestic Product since the end of World War II.
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