(CNSNews.com) – 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.
- Obama increased debt-per-household by $50,521 in first term (utsandiego.com)
- First Term: Obama Increased Debt $50,521 Per Household; More Than First 42 Presidents in 53 Terms Combined (ncrenegade.com)
- $5.8T: Obama Increased Debt $50,521 Per Household in First Term; More Than First 42 Presidents in 53 Terms Combined (blacklistednews.com)
- Obama’s Now Borrowed More Than All Presidents from Washington to W (cnsnews.com)
- Aims to hit benchmark set by Lincoln… (telegraph.co.uk)