how much was the us debt when obama started
a16235bd05d8323062027d198e941247
Rand Paul: Debt doubled under Bush, tripled under Obama When Bush’s term started Jan. 20, 2001, the gross federal debt was $5.73 trillion. At the end of his term, Jan. 20, 2009, the gross federal debt was $10.63 trillion. This means that the debt just about doubled under Bush. The gross federal debt under Obama -- as of April 7, 2015 -- is $18.15 trillion.
26646b9914b8ce524e9d98f4813dfbca
- (CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.CBS. The Debt rose $4.899 trillion during the two terms of the Bush presidency.It has now gone up $4.939 trillion since President Obama took office. The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion.It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.t has now gone up $4.939 trillion since President Obama took office. The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.
96a4718042ab61c0ba8c6ea978c46da0
Unemployment Rate Down 0.5% in 56 Months Since Obama Became President (Associated Press photo) (CNSNews.com) – Over the last 56 months – since Barack Obama became president in January 2009 --unemployment has dropped 0.5%, from a rate of 7.8% in January 2009 down to 7.3% in August 2013, according to the latest numbers from the Bureau of Labor Statistics (BLS).
658422eba5f629f34203db0d95dde7b2
National Debt Under Obama 1 Congress agreed to add the first year's worth of spending from the Economic Stimulus Act to this. That $253 billion accrues to Obama.  FY 2010 - Obama's first budget created a $1.587 trillion deficit, the largest in history.
142309ebe7abcddcf8ddb905a5e5b7d4
Barack Obama Obama and the Congressional Budget Office predicted the 2010 budget deficit would be $1.5 trillion or 10.6 percent of the nation's gross domestic product (GDP) compared to the 2009 deficit of $1.4 trillion or 9.9 percent of GDP.
aa0daaa4d762dfdd462201a33bf028cf
Any Way You Stack It, $14.3 Trillion Is A Mind-Bender The U.S. government is $14.3 trillion in debt. When we first neared the trillion-dollar mark in 1981, President Ronald Reagan said that the height of our debt amounted to a stack of $1,000 bills about 67 miles high. That's somewhere in the thermosphere.
58a3af36ac75ff26a7dd2167f5090f6d
$20 trillion man: National debt nearly doubles during Obama presidency Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House. When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011.
76fe2929d05d2d44c59cb2bdfbef4200
- By 1791, he estimated the federal government's debt to be $77.1 million. To help raise money, federal bonds were issued by the Government. 1  1775 - Paying for the American Revolutionary War was the start of the country's debt. 2  1781 - The Department of Finance was created. 3  1783 - The U.S. debt totaled $43 million.
474364726bde3b437bd49e74798c8487
National debt nearly doubles under Obama The White House predicted Friday that the federal government’s budget deficit for the current fiscal year will hit $600 billion, an increase of $162 billion over last year’s and a final sour note on President Obama’s watch.
dd45c0d9155c77abaf890e507d76e8b5
Todayâs national debt sits north of $16 trillion A senator rose to make the big announcement: 'Gentlemen ... the national debt ... is PAID.' That was the one time in U.S. history when the country was debt free. It lasted exactly one year. By 1837, the country would be in panic and headed into a massive depression.
7c79a011ee82a3949a77b579225fc0d0
U.S. Debt by President: By Dollar and Percent George W. Bush - President Bush added the second-greatest amount to the debt, at $5.849 trillion. But this was the fourth-largest percentage increase out of all the presidents. Bush increased the debt 101 percent from where it started on September 30, 2001, at $5.8 trillion.
fafaeff9f297ab20d039b0823cfefe12
The story behind Obama and the national debt, in 7 charts Since President Obama took office, the national debt has increased by $7.4 trillion. On January 20, 2009, it stood at $10.6 trillion; on Monday, it was at $18 trillion. That bit of data leapt to the front page of The Drudge Report on Tuesday, linking to an assessment from CNS News.com. Grim.
5c7c27d80f8f722d6d723ef8b5bc8b72
Your Call: Did Obama Improve the American Economy? The nation’s economy grew just 1.2 percent in the second quarter of the year, and 0.8 percent in the first three months of the year. Don't forget the national debt. It hit $19.5 trillion for the first time ever during the week just ending, a little more than seven months after it hit the $19 trillion mark.
448968af1ed8a4df4fc4c6045e95cdcb
- 04:30 GMT: US President Barack Obama has signed a compromise bill to end the US government shutdown after 16 days, and raise the debt ceiling just hours before the October 17 deadline.
35f8e582d3a28e658a7c397b196f4a83
- Looking for somewhere to stay in Laax Murschetg, Switzerland? Search and compare vacation rentals, hotels and more on RentalHomes.com. Your one stop shop for your ideal holiday accommodation.
21b16e19f7a10d12d4e911b4498893a7
How spending has fallen under Obama Under Obama, the deficit peaked in 2009 at 9.8% of the overall size of the economy, but has fallen every year since. This year, the CBO projects it will come in at 3.4% of GDP and drop to 2.1% by 2015. Then deficits will starting to climb again, reaching 3.5% by 2023.
ec9d3e403ff3c69c751d90ff5dea7878
What do Americans think of Obama's performance as a president? #14 When Barack Obama first took office, an ounce of gold was going for about $850. Today an ounce of gold costs more than $1700 an ounce. #15 Since Barack Obama became president, the size of the U.S. national debt has increased by 44 percent. #16 During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.
5c3b5d7696e8cebf9fd385328774fde3
$20 trillion man: National debt nearly doubles during Obama presidency When Mr. Obama talks about fiscal matters, he usually takes credit for cutting the deficit by two-thirds. He also is correct that annual budget deficits have fallen from $1.4 trillion in fiscal 2009, in the depths of the recession, to $439 billion in fiscal 2015.
d7fd1897ae862c8fda4929e38ee88a76
How Barack Obama Made His Fortune By the time he was sworn in, Obama owned somewhere between $1.1 million and $5.1 million worth of U.S. Treasury Bills, comprising most of his net worth. His other assets were worth between $411,000 and $915,000. He did not collect any income from his books.
9a0c30beddb3f6602d441278f11936cd
The Real Plan to Pay Off the Debt Because the government knows just how it can pay off the debt—and it is the craftiest, yet oldest, trick in the book. Make no mistake: The national debt is soaring. The last time the federal government actually paid off some of its debt was 1960. Even then, it paid less than $1 billion of the over $291 billion it owed at the time. The debt has soared so much that the $1 trillion in federal debt that President Ronald Reagan declared “incomprehensible” in 1981 when elected to office has grown 800 percent, to more than $8 trillion today.
fbc9c42320afce88026a29016edfdc1c
What President Trump Inherits The debt owed to the public stands at more than $14.4 trillion as Obama exits office, which is 129 percent higher than it was eight years earlier. Federal debt owed to the public will reach more than 80 percent of GDP in 2022, and nearly 86 percent in 2026, CBO projects.
550be1c9bd44af5be510a9461ae56d1a
Barack Obama says deficit fell from 10 percent of GDP to 3 percent on his watch During a speech at Northwestern University on Oct. 2, 2014, President Barack Obama offered a rosy -- if cautious -- view on the state of the economy. One of the statistics he touted was this one: When I took office, the deficit was nearly 10 percent of our economy. Today, it's approaching 3 percent..
c48bab50f53af5a02e57de4c92b6fd4c
Federal deficit falling to lowest in Obama presidency The annual deficit topped $1 trillion for each of Obama's first four years in office, including a record $1.4 trillion in 2009. Deficits have since fallen due to a combination of federal spending cuts and economic growth. The government had a shortfall of $483 billion in 2014.
41bf0df3bc3a056ec1d4279aea6332ec
President Obama: The Biggest Government Spender In World History In stark contrast, on our current course, under President Obama’s budget policies, federal debt held by the public rockets to 140% of GDP by 2030, 220%by 2040, and 320% by 2050, on its way to over 700% by 2080.
6d7241f7c2adc4e2c18513ee889f72ec
Barack Obama says deficit fell from 10 percent of GDP to 3 percent on his watch Barack Obama says deficit fell from 10 percent of GDP to 3 percent on his watch. By Louis Jacobson on Monday, October 6th, 2014 at 3:49 p.m. President Barack Obama addressed the economy in a speech at Northwestern University in Evanston, Ill., on Oct. 2, 2014. We checked one of his claims.
ecb28e6e87f91be1db7553f436f7f51a
History of the United States public debt Roosevelt and Harry S. Truman led to the largest increase in public debt. Public debt rose over 100% of GDP to pay for the mobilization before and during the war. Public debt was $251.43 billion or 112% of GDP at the conclusion of the war in 1945 and was $260 billion in 1950.nother sharp increase in the debt occurred as a result of the Civil War. The debt was just $65 million in 1860, but passed $1 billion in 1863 and reached $2.7 billion by the end of the war. During the following 47 years, there were 36 surpluses and 11 deficits. During this period 55% of the national debt was paid off.