{"id":576,"date":"2011-10-06T01:08:49","date_gmt":"2011-10-06T01:08:49","guid":{"rendered":"http:\/\/savingtherepublic.com\/blog\/?p=576"},"modified":"2011-10-06T01:08:49","modified_gmt":"2011-10-06T01:08:49","slug":"obama-has-now-increased-debt-more-than-all-presidents-from-george-washington-through-george-h-w-bush-combined-debt-increased-by-35835-per-household","status":"publish","type":"post","link":"http:\/\/savingtherepublic.com\/blog\/2011\/10\/obama-has-now-increased-debt-more-than-all-presidents-from-george-washington-through-george-h-w-bush-combined-debt-increased-by-35835-per-household\/","title":{"rendered":"Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined Debt Increased By $35,835 Per Household"},"content":{"rendered":"

 <\/p>\n

\"\"
\nPresident Barack Obama speaking to children at the Children’s Laboratory School in Mesquite, Texas, on Oct. 4, 2011. (AP Photo\/Susan Walsh)<\/p>\n<\/div>\n

(CNSNews.com<\/a>) – The Obama administration passed another fiscal milestone this week, according to new data<\/a> 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\u00e2\u20ac\u201dup about $44.8 billion from Sept. 30.<\/p>\n

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.<\/p>\n

This $4.212-trillion increase in the national debt means that during Obama\u00e2\u20ac\u2122s 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<\/a>there were about 117,538,000 households in the country in 2010, and, according to the Bureau of Labor Statistics<\/a>, there were about 93,641,000 full-time private-sector workers.)<\/p>\n

When Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department<\/a>, the total national debt stood at $10,626,877,048,913.08.<\/p>\n

At the end of January 1993, the month that President George H. W. Bush left office, the total national debt was $4.1672 trillion, according to the Treasury<\/a>. Thus, the total national debt accumulated by the first 41 presidents combined was about $44.8 billion less than the approximately $4.212 trillion in new debt added during Obama\u00e2\u20ac\u2122s term.<\/p>\n

As of Monday, Obama had been in office 986 days\u00e2\u20ac\u201dor about 32 and a half months. During that time, the debt increased at an average pace of $4.27 billion per day. Were that rate to continue until Obama\u00e2\u20ac\u2122s term ends on Jan. 20, 2013, the debt would then stand at about $16.86534 trillion\u00e2\u20ac\u201dan increase of more than $6.2 trillion for Obama\u00e2\u20ac\u2122s four years.<\/p>\n

That would equal nearly $53,000 for each American household or more than $66,00 for each full-time private-sector worker.<\/p>\n

That total national debt did not exceed $6.2 trillion until 2002, when George W. Bush was president.<\/p>\n","protected":false},"excerpt":{"rendered":"

  President Barack Obama speaking to children at the Children’s Laboratory School in Mesquite, Texas, on Oct. 4, 2011. (AP Photo\/Susan Walsh) (CNSNews.com) – The Obama administration passed another fiscal milestone this week, according to…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_options":[]},"categories":[9,272,232],"tags":[43,726,4],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/576"}],"collection":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/comments?post=576"}],"version-history":[{"count":0,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/576\/revisions"}],"wp:attachment":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/media?parent=576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/categories?post=576"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/tags?post=576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}