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

Posted by on Jan 21, 2013 at 3:04 pm

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.

Given that the Census Bureau currently estimates that there are 114,916,000 households in the United States, the $5,805,754,440,941.62 debt increase under Obama equals about $50,521 per household.

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One Response to “First Term: Obama Increased Debt $50,521 Per Household; More Than First 42 Presidents in 53 Terms Combined”

  1. MT Geoff on 21/21/13 at 5:36 pm

    GW Bush managed to double the overall debt over 8 years, a performance he at least was worried about.
    Obama managed to increase the debt by 60% of that very large number in only 4 years. His deficits have run $1.25T every year and all estimates that lower them are poppycock.
    Who was bad for the country again?