Industrial Insight

Are we spending enough?? | August 25, 2011

When Will Obama Outspend Bush’s Two Terms? Beware the Ides of March

August 25, 2011 10:16 A.M.
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On January 20, 2009, the total outstanding public debt was $10,626,877,048,913.08 ($10.62 trillion).

As of Tuesday, the debt is $14,649,289,670,347.85 ($14.64 trillion).

In 946 days, Obama has increased the national debt by $4,022,412,621,434.77 or $4.02 trillion.

That amounts to $4,252,021,798.56 per day ($4.25 billion).

If spending continues at the normal pace through Inauguration Day 2013, it would add an additional $1,326,630,801,150.72 ($1.32 trillion) to the debt total.

Obama will have, in one term, raised the national debt by $6.22 trillion, 22 percent more than George W. Bush did in two terms.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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