Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

Barack Obama

The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.

According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30.

When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22–which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.

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1 thought on “Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker”

  1. The numbers are meaningless to the average person in the U.S.A.
    It is only when the currency is devalued to reflect the numbers that the average person will realize the significance of this debt.
    That means every item in a bargain store will go up by about 10 times the current retail price.
    The dollar will be worth about a dime. Ten dollars will be worth about one dollar.
    Even this would have little significance IF we were not dependent on foreign imports for most of our retail goods.
    IF they were produced here, there is a certain amount of isolation that is not reflected in a currency exchange.
    Meaning anything MADE IN (FILL IN THE BLANK) will all go up in price to reflect the new currency value.
    Anything made locally should stay about the same.
    Since about 99% of our goods are produced by foreign markets, that is not a whole lot of things that won’t be reflected by price increases.
    So if the dollar is not kept at its current value, then a whole lot of people are going to starve both here and abroad.
    Just take your net paycheck, the money you actually get after federal taxes, health insurance, and local taxes. That is the money you have to spend. It is spent on bills! Now divide it by 10 and the number you come up with is what you are actually being paid after a currency devaluation occurs.
    The real problem here is that too many nations hold our dollars in reserve. That means that those dollars will also be worth about 10 cents on the dollar.
    Another problem is places like China and Russia. The Russian currency is all ready showing signs of bankruptcy. China is involved in a terrible ponzi scheme to undercut the entire marketplace with cheap retail goods in order to feed their enormous population. They too hold a lot of U.S. dollars. So when the currency is devalued it really devalues every other currency with it on the planet.
    The only stable currency is likely to be the Swiss one. They are bankers for most of the world in one way or another. Every dictator out there puts his money where it is likely to be safe. The Swiss have that reputation. The royalty of Saudi Arabia have stashed a lot of money in Swiss accounts and they have residences in Switzerland for their entire families because it is safer than their own country right now.
    When the U.S. Dollar goes broke, it takes with it every other country that holds large numbers of dollars.
    So it is no wonder that no one wants the U.S. Dollar to go down the tubes with the exception possibly of Russia.

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