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$5.8T: Obama Increased Debt $50,521 Per Household in First Term; More Than First 42 Presidents in 53 Terms Combined

Posted By admin On January 20, 2013 @ 6:20 am In U.S. News | Comments Disabled

Terence P. Jeffrey
CNS News [1]
Jan 20, 2013

During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.

The new federal debt accumulated in Obama’s first term equaled approximately $50,521 for each of household in the country.

On Jan. 20, 2009, when Obama was first inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to the U.S. Treasury. As of the close of business on Jan. 17, the last day reported by the Treasury before Obama’s second inauguration, the total debt of the federal government was $16,432,631,489,854.70.

Thus, from Obama’s first inauguration to his second, the federal government’s debt grew by $5,805,754,440,941.62.

Full article here [1]


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URL to article: http://www.prisonplanet.com/5-8t-obama-increased-debt-50521-per-household-in-first-term-more-than-first-42-presidents-in-53-terms-combined.html

URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/58t-obama-increased-debt-50521-household-first-term-more-first-42-presidents-53-terms

[2] Obama Has Increased Debt More than All Presidents from Washington Through H.W. Bush Combined: http://www.prisonplanet.com/obama-has-now-increased-debt-more-than-all-presidents-from-george-washington-through-george-h-w-bush-combined.html

[3] Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data: http://www.prisonplanet.com/obama-added-more-to-national-debt-in-first-19-months-than-all-presidents-from-washington-through-reagan-combined-says-gov%e2%80%99t-data.html

[4] U.S. Piled Up More Debt Since Election Day ’08 Than Under All Presidents From Washington Through Clinton: http://www.prisonplanet.com/u-s-piled-up-more-debt-since-election-day-%e2%80%9908-than-under-all-presidents-from-washington-through-clinton.html

[5] Boehner’s House Has Increased Debt $18,944 Per Household: http://www.prisonplanet.com/boehner%e2%80%99s-house-has-increased-debt-18944-per-household.html

[6] The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56: http://www.prisonplanet.com/the-5-trillion-man-debt-has-increased-under-obama-by-5027761476484-56.html

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