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News Link • Obama Administration

For Every $1 Added to the Economy, Obama Added More Than $3 in Debt

• http://nation.foxnews.com,
 

Since Obama has taken office ….
[through Q2 2012 for comparative purposes]

--> For every $1 added to the economy, we’ve added more than $3 in debt

--> added $5.23 trillion in debt vs. $1.68 trillion to the economy
--> 50% increase in debt vs. 12% increase in economic output

Total Public Debt:

$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]

--> $5.23 trillion increase in debt

[source: Treasury Dept]

......

GDP

$13,923T [Q1 2009]
$15,606T [Q2 2012]

--> $1.68 trillion increase in GDP

[source: BEA]



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