An alarming chart from the Republican side of the Senate Budget Committee showing the “rate of debt increase during presidents’ 4-year terms.”
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“Debt grew four times faster under Obama than Clinton or Bush,” the Senate Budget Committee finds.
The Senate Republicans send along these facts to go along with the chart:
· In just four years, President Obama’s policies will have added $6.4 trillion in new gross debt, for a total debt of $16.4 trillion by the end of this year.
· Per-household debt will have risen from $85,500 at the end of 2008 to $135,100 by the end of 2012.
· Average spending under the Obama Administration will be 33 percent higher than the four years preceding his term.
· Spending in 2012 will be $800 billion higher than 2008.
· Per-household spending in 2012 will be $7,000 greater than 2008—a 23 percent increase.
· Per-household spending in 2022 under the president’s budget will be $44,000, nearly $20,000 higher than in 2008.
· Per-household debt in 2022 under the president’s budget will be $195,000, more than double what it was in 2008.
· Per-household debt will have risen from $85,500 at the end of 2008 to $135,100 by the end of 2012.
· Average spending under the Obama Administration will be 33 percent higher than the four years preceding his term.
· Spending in 2012 will be $800 billion higher than 2008.
· Per-household spending in 2012 will be $7,000 greater than 2008—a 23 percent increase.
· Per-household spending in 2022 under the president’s budget will be $44,000, nearly $20,000 higher than in 2008.
· Per-household debt in 2022 under the president’s budget will be $195,000, more than double what it was in 2008.
