Obama has borrowed almost $30K per household since signing stimulus bill 2 years ago
Hey, he could’ve given $30K to each household instead of blowing it on pie-in-the-sky buddy-buddy projects. I’m sure the economy would’ve been more stimulated that way!! In case anyone was still wondering what America’s financial bottom line looks like, wonder no futher. As of 16 February 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50) – yes, people, that’s 12 zero’s after the 14 and your eyes aren’t deceiving you. Mr Hope’n’Changey Obama has added over $3 trillion since getting into office only a short 2 years ago. You could almost say his Presidency has cost the USA tax payer $3.34 trillion and still counting. Remember he still has 2 years to go and on current form the debt could be well over $17T by then. And then you have the Black Caucus calling his budget “cuts” draconian, lamenting it’s going to hit minority communities the hardest. Yeah – you guys voted for him!!!
The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago.
That brings the total national debt to $125,475.18 per household.
At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood at $10.79 trillion ($10,789,783,760,341.41), according the Bureau of the Public Debt. At the close of business on Feb. 16, 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50)—an increase of $3.34 trillion (3,340,105,930,036.09)
The U.S. Census Bureau estimates that there are a total of 112,611,029 households in the United States, which average about 2.6 people per household. That means that the new debt accumulated in the two years since Feb. 17, 2009, when President Obama signed his economic stimulus law, equals about $29,660.55 per household.
The current total national debt of $14.13 trillion can be divided into equal portions of $125,475.18 for each of the 112,611,029 households in the country.