Nearly $8.5 Trillion of Debt Added Since President Obama Moved Into White House





The American debt is growing - Red arrow up - IllustrationOne of the issues that will come up frequently over the next eight months is what to do about the nation's ballooning debt load.

January 20th, 2009 marked the first day of President Obama's first term. Since that day, nearly $8.5 trillion ($8.4662738 trillion) of debt has been added to the nation's debt load. As of this moment, the United States currently has a total debt load of over $19 trillion.

On January 20th, 2009, the nation's debt numbers looked like this:

Total Debt: $10,626,877,048,913.08

Public Debt: $6,307,310,739,681.66
Intragovernmental Holdings: $4,319,566,309,231.42

Note: public debt is the money that is owed to foreign governments, pension funds, individual investors, etc., while intragovernmental holdings is money that is owed to government programs such as Social Security.

As of March 4th, 2016, the numbers look like this:

Total Debt: $19,093,150,844,906.08

Public Debt: $13,793,876,317,467.66
Intragovernmental Holdings: $5,299,274,527,438.42

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President Obama has occupied the White House for 2,600 days.

For each day that President Obama has been in the White House, the United States has incurred an additional $3.26 billion of debt.

For each hour that President Obama has been in the White House, the United States has incurred an additional $135.7 million of debt.

For each minute that President Obama has been in the White House, the United States has incurred an additional $2.26 million of debt.

For each second that President Obama has been in the White House, the United States has incurred an additional $37,688.18 in debt.

Source: TreasuryDirect.gov - Debt to the Penny




Filed under: General Knowledge

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