$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama

All the Liberals and Progressives think this is nothing. A note on Dick Durbin; when he took office the Debt was 1 trillion. He has said nothing or done nothing to curb this spending. Now this is & Trillion under Obama. He has spent the most money under his "Regime" than any man in the world. Can't keep blaming George Bush. Just think these Clowns want to keep control in 2016 to keep pushing his agenda. How much more spending before things collapse?  Remember Detroit. Look at Illinois, California. Whats happening in Argentina? Default twice? Like I want more Liberals to keep up the spending and taxing..........NOT!

(CNSNews.com) - The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.

When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19--up $6,991,722,604,247.11 from Obama’s first inauguration day.

By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.

As of June, there were 115,097,000 households in the United States, according to the U.S. Census Bureau. The $17,687,136,723,410.59 in debt the federal government had accumulated as of the end of July equaled $153,671.57 per household.

The $7,060,259,674,497.51 in new debt that the federal government has taken on during Obama’s presidency equals $61,341.82 per household.

The median household income in the United States in 2012 (the latest year estimated) was $51,017. Thus, President Obama has increased the federal debt by more than the typical household’s annual income.

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http://www.cnsnews.com/news/article/terence-p-jeffrey/706025967449751-federal-debt-7t-under-obama