Monthly Average Obama Debt $123.9 Billion vs. $51 Billion During Bush, Vs. $16.1 Billion During Clinton

Yesterday, July 20 2011, marked exactly two and a half years since President Obama came into office. Setting aside who or what is to blame, the raw numbers suggest that the nation’s debt deepened by more than $3.7 trillion since a day after Obama’s arrival, which makes it a monthly average of $123.9 billion. During the eight years of former President George W. Bush, U.S. Debt deepened by a total of $4.89 trillion, which is a monthly average of approximately $51 billion. During President Clinton’s eight years, the US Debt deepened by only $1.55 trillion, which is a monthly average of $16.18 billion in new debt.