Hopeandchange: Under Obama Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

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CNS News: The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled  $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.
According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30.
When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22–which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.
In 2013, according to the Census Bureau there were 105,862,000 full-time year-round workers in the United States. The $789,473,350,613.20 increase in the federal debt during 2014 worked out to $7,457.57 for each of those full-time year-round workers.

FEDERAL DEBT-CALENDAR 2014

Those 105,862,000 full-time year-round workers included 16,685,000 federal, state and local government workers and 89,177,000 private-sector workers.
The $789,473,350,613.20 in new federal debt in 2014 equaled $8,852.88 for each of the 89,177,000 full-time private-sector workers in the country.
As of December 2013, there were 114,826,000 households in the country, according to the Census Bureau. The $789,473,350,613.20 in new debt equaled $6,875.39 per household.
Ten years ago, at the end of 2004, the federal debt was $7,596,142,802,424.14. Since then, it has grown by $10,545,301,333,139.16—an average pace of $1,054,530,133,313.92 per year.
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Army Vet 4444 (@ArmyVet4444)
Guest

When you have politicians like Boehner sneaking budget bills through like that last one, it’s no wonder we are in such a crisis mode.
The Fed is totally out of control. The president acts like he couldn’t care less about the spending (typical of Democrats), but the key republicans aren’t picking up the torch and doing what they need to do either. In fact, on that last bill, the Republicans out right “turn coat”ed on us. I thought at least Mitch McConnell would stand up for right! But nooooooooo!!!
Disapointed? …. No shite!!!

 
Jerry Lingle
Guest

Reblogged this on and commented:
Elections Matter !!!!!!!!!!!!

 
MA in MO
Guest

Personally, I will be so glad when this “house of cards” comes tumbling down because that is the one and only thing that will wake people up. Or at least I hope it wakes them up. I am sure that there are those who could be hit over the head with a sledge hammer and they still would not see nor hear what is going on in this world.

 
outstandingbachelor
Guest

Didn’t Obama promise to cut the debt in half, in his first term in office?

 
Dave
Editor
Dave

We now owe more money than actually exists.
Nice going, you dumbMass Obamaturds.
-Dave