'Debt Grew Four Times Faster Under Obama than Clinton or Bush' | Domestic Politics, Foreign Policy & Culture | Scoop.it

An alarming chart from the Republican side of the Senate Budget Committee showing the 'rate of debt increase during presidents' 4-year terms.'  'Debt grew four times faster under Obama than Clinton or Bush,' the Senate Budget Committee finds. 

 

In just four years, President Obama’s policies will have added $6.4 trillion in new gross debt, for a total debt of $16.4 trillion by the end of this year.· Per-household debt will have risen from $85,500 at the end of 2008 to $135,100 by the end of 2012.

 

Average spending under the Obama Administration will be 33 percent higher than the four years preceding his term.

 

Spending in 2012 will be $800 billion higher than 2008.