January 6, 2015

Federal Debt Up By 8 Trillion Under Obama




[From article]
The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.
[. . .]
When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22--which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.
[. . .]
Ten years ago, at the end of 2004, the federal debt was $7,596,142,802,424.14. Since then, it has grown by $10,545,301,333,139.16—an average pace of $1,054,530,133,313.92 per year.

http://www.cnsnews.com/news/article/terence-p-jeffrey/under-obama-federal-debt-84266-full-time-private-sector-worker

Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker
January 5, 2015 - 11:41 AM
By Terence P. Jeffrey

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