The debt of the federal government has now increased by more than $8,000,000,000,000 during the time President Barack Obama has been in office, according to the official debt numbers published by the U.S. Treasury.
The total federal debt, which was $18,722,746,583,118.03 at the close of business on Monday, now equals about $159,007 per household.
It has increased approximately $68,756 per household during Obama’s presidency.
On Jan. 20, 2009, when Obama was inaugurated, the total debt of the federal government was $10,626,877,048,913.08. On Nov. 23, 2015, it was $18,722,746,583,118.03 Thus, so far in Obama’s presidency, the federal debt has increased $8,095,869,534,204.95.
As of September, according to the U.S. Census Bureau, there were 117,748,000 households in the United States. The $18,722,746,583,118.03 in federal debt equals $159,006.91 for each one of those households.
The $8,095,869,534,204.95 that the debt has increased under Obama equals about 68,755.90 for each one of those households.
As CNSNews.com reported last month, the portion of the federal government’s debt that is held by the public-as opposed to the portion that is borrowed out of government trust funds such as the Social Security and Medicare trust funds-has more than doubled during President Barack Obama’s time in office.
When Obama took office on Jan. 20, 2009, the $10,626,877,048,913.08 in federal debt consisted of $6,307,310,739,681.66 in debt held by the public and $4,319,566,309,231.42 in intragovernmental debt. The $18,722,746,583,118.03 in total federal debt at the close of business Monday consisted of $13,487,562,419,580.15 in debt held by the public and $5,233,308,167,077.60 in intragovernmental debt.