In January 2009 when President Obama was inaugurated, the US public national debt stood right at $10 trillion. This is the total of all of the debt accumulated during the previous 43 presidents, between the years 1789 and 2009. Basically this represents all of the deficit spending that the US government has ever incurred since the nation’s founding.
Now that we are here in January 2017, 8 years later and awaiting President Elect Trump’s inauguration which is just days away, the national debt stands at $19.9 trillion. That means that a whopping $9.9 trillion was added to the national debt during President Obama’s two terms as president.
If we divide $9.9 trillion by Obama’s 8 years as president, it shows that on average the government was operating with an annual deficit of about $1.24 trillion. This is by far the largest deficit that the US government has ever seen.
Love him or hate him, the national debt was effectively doubled during Obama’s presidency, and there is no denying this.
As of January 4, 2017 the national debt stands at $19,951,732,473,421 according to usdebtclock.org: