Fiscal Cliff

Massive National Debt Hangs Over Obama Presidency

Spends like a drunken sailor and skates on the bill

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President Barack Obama won't be able to enjoy much of a victory lap from his win over congressional Republicans on the fiscal cliff fight.

There are about 16.4 trillion reasons why.

The staggering national debt — up about 60 percent from the $10 trillion Obama inherited when he took office in January 2009 — is the single biggest blemish on Obama's record, even if the rapid descent into red began under President George W. Bush.