Has Obama run up more debt than all other Presidents COMBINED?

Has Obama run up more debt than all other Presidents COMBINED? Topic: How to write a trillion in numbers
June 19, 2019 / By Darla
Question: Oops! Just Washington through Reagan. But, he's done it in only 19 months. America may not survive 4 years. http://cnsnews.com/news/article/72404
Best Answer

Best Answers: Has Obama run up more debt than all other Presidents COMBINED?

Breann Breann | 3 days ago
By the numbers: Our national debt is more than $13 trillion. ◦Every American worker’s share of the national debt is more than $80,000. That is how much the United States has borrowed, and how much we have to pay interest on. To put $13 trillion in perspective, our national debt is larger than the total economies of China, the United Kingdom, and Australia combined. And under current policies, our national debt will continue to grow by hundreds of billions every year. According to the Congressional Budget Office, the national debt held by the public will grow by more than $9 trillion over the next decade, to more than $20 trillion total. This year, the United States will accumulate over $3.5 billion in new debt each and every day. That’s more than $2 million per minute. ◦The Treasury Department estimates that our debt to China is approximately $843 billion. That is over $10,000 in debt for the average American family ◦From 2010 to 2020, the Congressional Budget Office estimates the cumulative deficit will be over $9 trillion. This means that over the next decade, more than $9 trillion will be added to our existing national debt, creating a total debt of more than $20 trillion. ◦According to the January 2010 Congressional Budget Office report, the federal budget deficit in 2009 was $1.4 trillion (9.9% of GDP). The 2010 deficit under proposed policies is projected to be $1.5 trillion (10.3% of GDP). These are the largest deficits relative to GDP since 1945. ◦From 2008 to 2009, public debt rose from 41% of GDP to 53% of GDP—$7.5 trillion at the end of 2009. According to the March 2010 CBO report, under proposed policies, public debt will rise to 90% of GDP by 2020, equaling approximately $20 trillion. ◦About $4.4 trillion of the total debt is money that the government has borrowed from itself, by writing IOUs for huge sums taken from Social Security and Medicare surpluses. ◦In July of 2009, the United States paid more than $19 billion in interest on the public debt [$19,812,486,187.83, Office of the Public Debt]. In 2009, according to the CBO, $187 billion of taxpayer funds were used just to pay interest on the debt—not to pay off the debt, just to pay interest on it. ◦As reported by the Treasury Department, the top ten countries and entities holding U.S. debt are: Japan, China, the United Kingdom, Oil Exporters, Caribbean Banking Centers, Brazil, Hong Kong, Russia, Luxembourg, and Taiwan.
👍 194 | 👎 3
Did you like the answer? Has Obama run up more debt than all other Presidents COMBINED? Share with your friends

We found more questions related to the topic: How to write a trillion in numbers

Breann Originally Answered: Now that Fox News RATINGS R MORE than CNN & MNBC COMBINED WILL Obama TRY to USE the FAIRNESS DOCTRINE?
Well it would be up to the FCC to use the fairness DOC if it was still on the books for them . In 1987 is was abolished. I also must add that if it was on the books still Obama would be foolish to even come near it. By and large our media in this country is controlled by Radical left wingers. If anyone tries to challenge fox that way it would open the other media giants to the same thing and they are so much farther skewed left and willing to do anything to proffer their agenda. I don't know how many of u realize it but other countries laugh at us for our media. It is appalling that we cant have proper news casting. I think it is fine if you want to have a news channel with a political slant but it should be in the open and the ones that claim to be neutral should do their best to perform in such a manner.

Alesha Alesha
in the beginning, regardless of if Obama have been an Atheist, that is not any reason to dislike him. He did no longer get us in extra debt. in actuality, his strikes are assisting us get out of debt. He did no longer reason the debt, he inherited it from George Bush. he's no longer a "communist socialist attempting to break usa". i'm sorry you're so poorly counseled. you ought to positioned funds into examining another articles and watching different stations than ones that are so for sure packed with Republican propaganda.
👍 80 | 👎 -3

Truman Truman
He has spent more with Obama care and the liberal wish list, oops I mean stimuluss package than we spent on WWII INCLUDING the Manhattann Project.
👍 78 | 👎 -9

Rex Rex
Oh good, just Washington through Reagan. I feel so much better now. Are you factoring in the $50 billion boondoggle for his union buddies he announced on Monday?
👍 76 | 👎 -15

Melville Melville
When your predecessors damage the workplace in the way that his have, it takes a lot to repair. Keep in mind that part of that debt is keeping all the people who lost their jobs from being homeless. We are still recovering from Regan's fiscal policy.
👍 74 | 👎 -21

Melville Originally Answered: Why didn't Conservatives start becoming outraged at Presidents reading their speeches, until Obama was elected?
It absolutely humiliates them that our president, a person of mixed race and a Democrat, is one of the best speakers in our land. They cannot stomach the reality that he is smarter than them, and the natural reaction is to throw up vile comments from their cowardly innards.

If you have your own answer to the question how to write a trillion in numbers, then you can write your own version, using the form below for an extended answer.