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发帖数: 29846 | 1 Obama's Increasing Federal Debt $1,148 Per Month Per Household—Enough to
Buy a Car or Pay Tuition at State College
Wednesday, April 13, 2011
By Terence P. Jeffrey
(CNSNews.com) - Under President Barack Obama, the federal debt has been
increasing at a rate of $1,148 per month per American household.
Overall, according to the U.S. Treasury, the federal debt increased by $3,
646,116,554,704.36 between Jan. 20, 2009, when Obama was inaugurated, and
April 13, 2011, when he gave a major speech announcing a plan to deal with
the debt.
Given that the Census Bureau estimated in March that there are 117,538,000
households in the United States, the $3.6461 trillion increase in the debt
under Obama works out to $31,020 per household.
Obama has now been in office 27 months. The $31,020 per household increase
in the federal debt under his watch thus equals a per-household increase of
$1,148 per month.
That $1,148 per month per household is more than a household would need to
finance the monthly payments on a new domestically manufactured automobile.
According to figures published by the College Board, the $31,020 per-
household increase in the national debt under Obama also equals more than
the average tuition and fees for one year at a private four-year college and
more than four full years of average in-state tuition and fees at a state
college.
“Public four-year colleges charge, on average, $7,605 per year in tuition
and fees for in-state students,” says the College Board.
“Private nonprofit four-year colleges charge, on average, $27,293 per year
in tuition and fees,” says the College Board.
For the $31,020 per household the federal government has borrowed since
Obama became president, it could have paid one full year of the average
tuition at a private college for every household in country and still had $3
,727 left over. |
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