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You are watching: How much debt has obama added to the deficit
claims President Barack Obama "added" $6.5 sunshine to the nationwide debt in his first term, much more than the $6.3 trillion added by the previous 43 presidents combined.
UPDATE: A an ext recent variation of a similar claim is accessible here.
When it comes to increasing the nationwide debt, chairman Barack Obama has actually done much more than his 43 precursors combined.Well, at least that’s follow to a chain e-mail circulating in brand-new Jersey, echoing a case made come varying degrees by various Republican officials in recent years. Through the subject line "A picture is precious 1,000 words," the chain e-mail features a graphic to do its case.Above photos of Presidents George Washington and also George W. Bush, one side of the graphics reads "Debt added By The ahead 43 U.S. PRESIDENTS linked --- 1789 through 2008." in ~ the presidents’ image is "$6.3 trillion DOLLARS."On the various other side that the graphic is a photograph of a smiling Obama, in ~ the native "Debt included By chairman OBAMA --- One Term!" The amount noted below the photograph is "$6.5 trillion DOLLARS."A photo may be precious 1,000 words, however the wording that this chain e-mail provides for a greatly inaccurate claim.The main trouble is the chain e-mail argues that Obama currently has "added" $6.5 sunshine to the nationwide debt. His management is on monitor to add nearly that amount come one type of debt by October 2013, but the president has not added that lot debt yet.First, let’s describe the two typically cited creates of nationwide debt -- debt organized by the public and also total debt.The debt organized by the public refers to money obtained from investors exterior of the commonwealth government. The complete debt to represent debt organized by the public as well as money the federal government owes itself, consisting of for programs such as Social Security and also Medicare.
On Jan. 20, 2009, the day of Obama"s inauguration, the debt organized by the general public -- as accrued by Obama’s predecessors -- stood at roughly $6.307 trillion and the full debt was about $10.6 trillion, follow to the U.S. Room of the Treasury’s "Debt to the Penny" calculator.
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Since the amount listed for Obama"s precursors in the chain e-mail appears to be in reference to the $6.307 trillion in debt hosted by the public on Jan. 20, 2009, that"s the beginning point for our analysis.