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The federal debt more than doubled under obama and he left trump a legacy of worsening deficits.
Us debt when obama took office. The debt surged by 41 in obama s first 1 012 days in office ultimately ballooning by about 84 as fiscal 2016 drew to a close. Obama fought the great recession with an 831 billion economic stimulus package. When he left the white house on january 20 2017 it was 19 947 trillion.
He added 8 588 trillion. The third chart illustrates the growth in debt as a share of the economy. The math that seems simple obama added 9 trillion in debt during his term.
Government s debt owed to the publicwas more than. Barack obama officially started his presidency on january 20th 2009. According to treasurydirect gov the united states had a total debt load of 10 628 881 485 510 23 on january 20th 2009.
1 it explains why some would say obama added 9 trillion to the debt more than any other president. Not surprisingly the deficit exploded from 459 billion in calendar 2008 to over 1 4 trillion in calendar 2009. President obama entered office in early 2009 in the teeth of the great recession.
Debt on the day obama left office the u s. Under trump the debt has grown by roughly 15 in three years so. When he left office on jan.
As the second chart demonstrates publicly held debt almost doubled during president obama s eight years in office it went from 7 5 trillion in 2009 to 14 1 trillion in 2016. A commemorative tweet from former president barack obama monday touting the longest streak of job creation in american history on the 11th anniversary of the recovery act was met by an angry. The public debt which accounts for nearly three quarters of the national debt did double under obama increasing from 6 3 trillion to 14 4 trillion.
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