Tuesday, September 25, 2012

Obama has Added $3 in Debt For Every $1 In The Economy....

  
Since Obama has taken office ….
[through Q2 2012 for comparative purposes]

--> For every $1 added to the economy, we’ve added more than $3 in debt
--> added $5.23 trillion in debt vs. $1.68 trillion to the economy
--> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt
[source: Treasury Dept]
......
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
--> $1.68 trillion increase in GDP
[source: BEA]

1 comment:

EthanJoushu said...

Clear, concise and easy to read. Thanks for a nice blog post!
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