April 18, 2012
Barack Obama - the $5 Trillion ManTopics: Political News and commentaries
It's now official. Barack Obama has become the first American president to see the federal government's debt increase by more than $5 trillion during his time in office ... even though he's only been in office 39 months:
(CNSNews.com) [...] During the full eight years that George W. Bush served as president, the federal government's debt increased by $4,899,100,310,608.44. (Rising from $5,727,776,738,304.64 to $10,626,877,048,913.08.)
The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States.
At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the federal government's debt was $10,626,877,048,913.08, according to the U.S. Treasury. By the close of business on April 16, 2012 -- as many Americans were working to finalize their 2011 tax returns to meet an April 17 filing deadline--the debt had reached $15,654,638,525,397.64.
Posted by Hyscience at April 18, 2012 3:46 PM
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