I agree that calling it a serious problem is an understatement, but just want to have a clearer picture. I think 1.75 to 2.25 trillion (horrendous) is going to be the final number for this calendar year. The 1-year deficit (total) in the approximate final year of Bush was 1.417 trillion dollars.
Date Debt Held Intragovernmental Total Public
by the Public Holdings Debt Outstanding
01/02/2008 5,130,778,241,224.70 4,079,809,202,837.77 9,210,587,444,062.47
01/02/2009 6,320,066,198,644.34 4,307,895,097,286.33 10,627,961,295,930.67
Since then, we've added 0.599 trillion dollars.
01/02/2009 6,320,066,198,644.34 4,307,895,097,286.33 10,627,961,295,930.67
05/06/2009 6,927,755,259,710.47 4,299,052,225,619.57 11,226,807,485,330.04