Monday 21 January 2013

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

The Coming Crisis
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First Term: Obama Increased Debt $50,521 Per Household; More Than First 42 Presidents in 53 Terms Combined
Jan 21st 2013, 20:03

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.

http://cnsnews.com/news/article/first-term-obama-increased-debt-50521-household-more-first-42-presidents-53-terms

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