Obama On Pace To Borrow $6.2 Trillion In One Term — More Than All Presidents From Washington Through Clinton Combined. (CNSNews) — President Barack Obama has been increasing the national debt during his presidency by an average of $4.24 billion per day ($4,240,506,004.34) putting him on a pace to increase the national debt by $6.2 trillion ($6,195,379,272,340.74) by the end of his term on Jan. 20, 2013, according to the debt figures published by the U.S. Treasury.
That $6.2 trillion is more debt than was accumulated by all U.S. presidents from George Washington through Bill Clinton combined.
In fact, the U.S. national debt did not eclipse the $6.195 trillion level — the amount Obama is an pace to increase it in one term — until August 19, 2002, during President George W. Bush’s second year of office.
The national debt was $10.6 trillion ($10,626,877,048,913.08) on Jan. 20, 2009, the day Obama was inaugurated.
As of the close of business on Jan. 11, 2012, it was $15.2 trillion ($15,236,307,075,631.58.)
In Obama’s first 1,087 days in office, the debt increased $4.6 trillion ($4,609,430,026,718.50) — or an increase of $4.24 billion ($4,240,506,004.34) per day.
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