US debt exceed the threshold of 19 trillion dollars in the Obama era
US debt exceed the threshold of 19 trillion dollars in the Obama era
Date: 02/02/2016 19:04
Information / follow-up / ..
Total federal debt to the Government of the United States jumped above the threshold of 19 trillion dollars, an increase of about nine trillion dollars during the rule of President Barack Obama, which is about seven years.
The total federal debt when President Obama took office in the 20th of the month of January 2009 the amount of $ 10.6 trillion, according to the latest statistical data, the debt has become more than 19 trillion dollars.
This means that the federal debt has increased since Obama took office increased by 78.9% or $ 8.4 trillion.
And by only 3 months, President Obama signed the budget plan, which included raising the debt ceiling from $ 18.5 trillion to $ 19.6 trillion, and in the dynamic growth of religion seems that the US government would hurt to raise the ceiling again.
In the case of the US economy grew in 2015 by 1.2% from its previous level of 18.12 trillion dollars, the size of the federal debt accounts for 105% of the size of the US GDP.
Reference is made to the Budget Office in the US Congress is expected growth of public debt to reach $ 22.6 trillion by 2020, and to $ 29.3 trillion by the year 2026.anthy / 25 u
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