Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined

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Terence P. Jeffrey
CNS News
October 6, 2011

The Obama administration passed another fiscal milestone this week, according tonew data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30.

That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion–more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

This $4.212-trillion increase in the national debt means that during Obama’s term the federal government has already borrowed about an additional $35,835 for every American household–or $44,980 for every full-time private-sector worker. (According to the Census Bureau there were about 117,538,000 households in the country in 2010, and, according to theBureau of Labor Statistics, there were about 93,641,000 full-time private-sector workers.)

When Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department, the total national debt stood at $10,626,877,048,913.08.

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One Response to “Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined”

  1. The framework of all of the spending bills was in place before Mr. Obama was elected. You just don’t write 2,000+ pages of legislation.This is a well drawn-out plan. I believe that in from May 15-22, 2011 President Obama’s G8 meeting in Chicago will see riots in our nation, the type not seen since the 1960s.

    The forming of the protest groups now organizes for total disruption during the primary season. Get enough of this going and Mr. Obama will declare martial law to keep himself in control. He’ll have to bring in the troops to protect the foregin leaders, too. This is nothing but a sea of pieces to a neatly chistled puzzle.

    This debt is blamed on the “wealthy”. I didn’t know the wealthy voted for Mr. Obama. News to me.
    Its all BS.

    Everyone needs to pay attention to the new means of handling the debt: The new CDC commericals that people born between 1947-1964 are most likely infected from Hepatitis C and they don’t even know it. Well, I was born in 1959. We are thse “Baby-Boomers” that there is no Social Security to pay. How is it that this group, all of a sudden, suffers from Hepatitis C? The CDC (gov’t) says “we” need to get tested. Anyone in this age group who goes to the Dr to first get tested for Hepatitis C, next is told they test positive, and then finally takes any prescription drug to “cure” it has to be insane. This is how to cure part of the Debt: Plague those between 64-47.

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