National Debt Up a Trillion Dollars in 2016

The U.S. Department of the Treasury reports that the United States’ federal debt has increased by a trillion dollars in President Obama’s final year in office, during which time Republicans controlled both the House and Senate.

The debt at the end of 2016 was $19,976,826,951,047.80, a one-year increase of $1,054,647,941,626.91.

As reported at Breitbart, “To put the number in perspective, in order to spend one trillion dollars, you would have to spend ten million dollars a day, every day for 273 years.”

CNS News reports:

“During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from  $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.”

That equals $78,553.84 for each of the 119,026,000 households in the country as of September.

President-elect Trump spoke about the tremendous amount of debt the U.S. had incurred throughout his entire campaign and came up with a controversial proposal of buying back bonds at a discount rate.

The photo above represents a snapshot of the national debt as it continued to skyrocket on Wednesday, January 4.

H/T: Breitbart, CNS News







 

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