Terence P. Jeffrey
January 21, 2014
Under President Barack Obama, the total debt of the U.S. government has increased by approximately $1,608,304 for each of the 4,130,665 babies born in the United States in 2009, the year Obama took office.
Today–Jan. 20, 2009–is the fifth anniversary of Obama’s first inauguration.
If the federal government were to continue accumulating net debt throughout the expected 78.5-year lifespan of a baby born in 2009 at the same average annual pace it has accumulated net debt during Obama’s first five years as president, the government would add more than $104 trillion in net debt during the life expectancy of those babies.
So far during Obama’s presidency, the federal government has borrowed a net total of $6,643,363,305,451.78. That works out to an average of approximately $1,328,672,661,090 per year, or $104,300,803,895,565 over 78.5 years.
This article was posted: Tuesday, January 21, 2014 at 6:45 am