Since Obama has taken office …. [through Q2 2012 for comparative purposes]
--> For every $1 added to the economy, we’ve added more than $3 in debt
--> added $5.23 trillion in debt vs. $1.68 trillion to the economy --> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009] $15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt
[source: Treasury Dept]
......
GDP
$13,923T [Q1 2009] $15,606T [Q2 2012]
--> $1.68 trillion increase in GDP
[source: BEA]
Read more: nation.foxnews.com/govern...more-3-debt#ixzz26kYlYlxA
