Debt Has Exploded In Obama’s Term

Are you better off than you were when President Barack Obama took the oath of office? It is a question the White House will have trouble diverting attention from this week, as the national debt tops $16 trillion.

That works out to about $51,447 each for every resident of the United States.

When Obama took office in January 2009, the national debt was $10.6 trillion – or about $34,083 per person.

With his term not yet over, then, the White House, working with liberals in Congress, has added $17,364 in debt for everyone – or $69,456 for a family of four.

The Congressional Budget Office estimates that if Obama remains in office, the national debt by the time he leaves in 2017 will be about $18.4 trillion.

At some point all that debt will have to be repaid, one way or another.

Are you better off under Obama? Not with that kind of crushing – and exploding – debt.