For Every $1 Added to the Economy, Obama Added More Than $3 in Debt

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]


Read more: http://nation.foxnews.com/government-spending/2012/09/17/every-1-added-economy-obama-added-more-3-debt#ixzz26kZUjLsb