Obama On Track To Create $6.2 Trillion In Debt, MoreThan Every Previous President From Washington To Clinton Combined

Rob Port  •  January 13, 2012

Ugly, though Republicans don’t have a lot of room to crow given that the second worst debt creator in history was Obama’s predecessor, George W. Bush.

(CNSNews.com) — President Barack Obama has been increasing the national debt during his presidency by an average of $4.24 billion per day ($4,240,506,004.34) putting him on a pace to increase the national debt by $6.2 trillion ($6,195,379,272,340.74) by the end of his term on Jan. 20, 2013, according to the debt figures published by the U.S. Treasury.

That $6.2 trillion is more debt than was accumulated by all U.S. presidents from George Washington through Bill Clinton combined.

In fact, the U.S. national debt did not eclipse the $6.195 trillion level — the amount Obama is an pace to increase it in one term — until August 19, 2002, during President George W. Bush’s second year of office.

The national debt was $10.6 trillion ($10,626,877,048,913.08) on Jan. 20, 2009, the day Obama was inaugurated. As of the close of business on Jan. 11, 2012, it was $15.2 trillion ($15,236,307,075,631.58.) In Obama’s first 1,087 days in office, the debt increased $4.6 trillion ($4,609,430,026,718.50) — or an increase of $4.24 billion ($4,240,506,004.34) per day.

The only fix for the nation’s debt problem is less government.  We have more government than we can afford.  We need less of it.

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  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    Just curious, did bush give us more debt than “Every President From Washington To Clinton Combined”?

    • JustRuss

      Yes, that has been pointed out, by conservatives as well as progressives on this blog, over and over.

      Where have you been?

      The point is Obama has increased the debt more in 3 years than Bush did in 8. A much more apt comparison considering the “Washington to Clinton” argument doesn’t take inflation into effect.

      • Crshedd

        you can’t really count any presidents first year in office as he is working on the  last budget of the previous president. the newly elected president submits his first budget for october AFTER he is elected. 

        if obama increased the deficit more than all previous presidents combined how can there be 10+billion debt when he takes office and he adds 6+billion?

  • HG

    It’s Bush’s fault.

  • HG

    Remember when Obama was going to fix all the wrongs done by Bush especially the deficit and debt?

    What a joke.

  • Jamermorrow

    The most important issue is the debt. We need to drastically decrease government spending. Once interest rates rise our standard of living is going to collapse. We will have no ability to defend the nation abroad. We  have been paying for the war and social programs through borrowing money and printing money. We are already taxed to the point where any increases will have marginal returns. Bad days are ahead for the United States.

  • two_amber_lamps

    This one’s for you Rob…  

  • Anonymous

    Electing a Communist leaning Democrat to POTUS has consequenses.

  • Awfulorv

    Rather than simply collecting campaign cash during his Vegas visits, Senor Obama  might have learned practical, worthwhile, lessons on their tables. For instance a knowledgeable Roulette player never follows a loser, Red, in hopes that a winner, Black, will eventually appear.  He will, though, continue to play the winning color until he loses.  Ten thousand in chips, and a night cursing his luck, might have spared this country his deluded belief, he  apparently, still ascribes to, that continually throwing other peoples money at a vexing problem is the way to eliminate said problem.

    • two_amber_lamps

      Well said sir!  May I add the world’s last superpower should not follow Red (socialism) a proven loser…

  • http://twitter.com/NARNfan Saturdays

    Fiat money + stupid central bankers is the cause of this mess. 40 to 100 years worth. 

  • SigFan

    But, Bush made him spend all that money, and everyone knows that the only way to get out of debt is spend more money faster … oh, wait.

  • two_amber_lamps
  • suitepotato

    If the Republicans were not totally retarded compared to the early 80s when they at least knew to call strategists with more than a tap water IQ, this debt crushing the economy and the money itself matter would be easy fodder for campaign ads that would crush Obama’s bid. He could lose to a blank space to be named later, and the Republicans are amazingly ignoring this and every other issue that they could use, and on track to lose to Emperor Obama. Blank Space > Obama > Republicans. How they managed that… well, refer back to R. Emmett Tyrrell Jr.’s work on political crack-ups. Those of you who used to read American Spectator and National Review years back know of what I speak.

  • donwalk

    Come on people, B.O. has got to be “The One”!
    How did he ever achieve in three years, what President Bush took eight years to do?
    Give the man the credit he deserves!

  • Anonymous

    Which Republican candidates’ voting record best reflects that of an individual who may actually act upon the principle of less government for once? 

    Maybe we should consider voting for that guy.    … unless, of course, we compromise with ourselves in order play it “safe” once again.

    As the saying goes… “you can never be too safe.”

    lol.

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