GOP blasts president as debt reaches $15T

The national debt surpassed $15 trillion for the first time on Wednesday, according to the Treasury Department, and Republicans are seizing on the occasion to pin the blame on President Obama.

“America has crossed an unthinkable threshold: our national debt now exceeds $15 trillion dollars. That’s more than $48,000 per citizen," Republican National Committee (RNC) Chairman Reince Priebus said. “In 2009, President Obama promised to cut the deficit in half by the end of his first term. Instead, he further accelerated its growth, producing three years of record deficits."

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House Majority Leader Eric CantorEric Ivan CantorEmbattled Juul seeks allies in Washington GOP faces tough battle to become 'party of health care' 737 crisis tests Boeing's clout in Washington MORE (R-Va.) pointed out that $4.4 trillion in debt had been added since Obama took office.

"Our skyrocketing debt burden is not just bad luck; it is the predictable outcome of President Obama’s policies," Sen. Ron JohnsonRonald (Ron) Harold JohnsonRepublicans wary of US action on Iran Democratic senator warns O'Rourke AR-15 pledge could haunt party for years Conservatives offer stark warning to Trump, GOP on background checks MORE (R-Wis.) said.

While Republicans point out that Obama added $800 billion to the debt through his 2009 stimulus package, Democrats say the best way to solve the budget problem is to let the Bush-era tax rates expire. They also note that Obama inherited a recession when he came into office and that the recession lowered incoming tax revenue.