FOX News
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]