$5.8T: Obama Increased Debt $50,521 Per Household in First Term; More Than First 42 Presidents in 53 Terms Combined

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CNS News:

(CNSNews.com) - During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.

The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.

On Jan. 20, 2009, when Obama was first inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to the U.S. Treasury. As of the close of business on Jan. 17, the last day reported by the Treasury before Obama’s second inauguration, the total debt of the federal government was $16,432,631,489,854.70.

Thus, from Obama’s first inauguration to his second, the federal government’s debt grew by $5,805,754,440,941.62.

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Americans Collecting Disability Increased 1,385,418 in Obama’s First Term—Now 1 for Each 13 Full-Time Workers

 

(CNSNews.com) - During President Barack Obama’s first term, the number of Americans collecting federal disability insurance increased by 1,385,418 to a record 8,827,795.

As a result, there is now one person collecting disability in this county for every 13 people working full-time. Forty-two years ago, in December 1968, there were 51 people working full-time in this country for each person collecting disability.

In January 2009, the month Obama was inaugurated, there were 7,442,377 Americans collecting federal disability insurance, according to the Social Security Administration. By December 2012, the latest month reported, there were 8,827,795 collecting disability, an increase of 1,385,418. With 115,868,000 people working full-time in December, according the Bureau of Labor Statistics, there was 1 person collecting disability for every 13 people working full-time.

In the comparable period of George W. Bush’s first term—January 2001 through December 2004—the number of people taking disability went from 5,052,895 to 6,197,664, an increase: 1,144,769.

 

http://cnsnews.com/news/article/americans-collecting-disability-increased-1385418-obama-s-first-term-now-1-each-13-full