amount of debt obama has added
A chart from 2011 compared changes in the U.S. national debt over the last several presidencies. CLAIM. A 2011 chart compares changes in the U.S. national debt over the last several presidencies. EXAMPLES Collected via e-mail, January 2012. Total debt: $10,627 billion. Total debt (as of the end of April 2011): $14,288 billion. Percent change in total debt: +34%. So, as far as raw numbers go, the chart is reasonably accurate (although our calculations produced a somewhat higher debt increase for Ronald Reagan than reported). Jobs & Unemployment. Number of Jobs — The economy has added 851,000 jobs since we published our last report. As of December, the number of total nonfarm jobs stands 9,265,000 higher than when Obama first took office. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House. When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011. George W. Bush - President Bush added the second-greatest amount to the debt, at $5.849 trillion. But this was the fourth-largest percentage increase out of all the presidents. Bush increased the debt 101 percent from where it started on September 30, 2001, at $5.8 trillion. Barack Obama - The national debt grew the most dollar-wise during President Obama's two terms. He added $7.917 trillion, a 68 percent increase, in seven years. This was the fifth-largest increase percentage-wise. Obama's budgets included the economic stimulus package. For more, see President Obama Compared to President Bush Policies. Franklin D. Roosevelt - President Roosevelt increased the debt the most percentage-wise. Although he only added $236 billion, this was a 1,048 percent increase from the $23 billion debt level left by President Hoover. Method 1. Debt Added Since Obama Took Office. The largest number comes from calculating how much the debt increased during Obama's two terms. On January 20, 2009, when he was sworn in, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion. That's why most people say Obama added $9 trillion to the debt, more than any other president. The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median. The number of long-term unemployed Americans has dropped by 614,000 under Obama, but it is still 761,000 higher than at the start of the Great Recession. The federal government hit a new milestone Friday: The total federal debt now tallies more than $18 trillion. Just six years ago when President Obama took office, total debt stood at $10.6 trillion, which means it now has increased by almost $8 trillion—roughly 70 percent—during his tenure as president. (Photo: Polaris/Newscom)
$9 trillion