National Debt Under Obama

Under President Obama the national debt grew the most dollar-wise 86 trillion but was fifth in terms of percentage.

National debt under obama. The latest posting by the Treasury Department shows the national debt has now increased 4 trillion on President Obamas watch. With such a big gap you might be wondering whos lying. However measuring debt in dollars fails to account for inflation or the fact that the economy and population are larger in 2016 than they were in 2008.

The federal debt has steadily risen since the beginning of the 21st century. 3when the total federal debt accumulated during the presidency of Barack Obama topped 9000000000000 for the first timeOn Jan. By the time Bush left office in 2009 it was nearly 10 trillion double what it was at the start of his presidency.

That did not happen. The latest posting from the Bureau of Public Debt at. While the national debt has been increasing for decades due to near-annual budget deficits it grew dramatically under Obama increasing from 106 trillion in January 2009 to 199 trillion in January 2017 according to Treasury Department figures.

However when you take. 20 2009 when Obama was inaugurated the total debt. To tackle the COVID-19 pandemic national debt was increased by a further 1801 totaling 425 trillion in additional debt from March 2020 to Jan 2021.

Obama added 8335 trillion to the public debt more than any modern president. Debt was about 1062 trillion when Obama started his first term in 2009. Still its no exaggeration on Trumps part where the numbers are concerned.

Under Obama it grew another 895 trillion. The CBO projected that Obamas proposed budget would increase the national debt from 75 trillion - about 53 percent of the nations Gross Domestic Product - at the end of 2009 to 203 trillion - or 90 percent of the GDP - by the end of 2020. It marked the most money the federal government has owed and is a.