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President Obama's Debt Achievement

nweber Wrote: Oct 02, 2012 8:14 AM
Bakersfield.com links: Local News Obama to visit Keene, Ca., to honor Chavez President Obama will visit Keene Monday to announce the establishment of a Cesar E. Chavez National Monument, the White House announced today. The monument, which will be designated under the Antiquities Act, will be established on property in Keene called Nuestra Senora Reina de la Paz (Our Lady Queen of Peace), better known as La Paz. Click here to read the rest of the story on bakersfieldcalifornian.com

How does President Obama's contribution to the national debt compare to those of other modern Presidents?

To answer that question, we're going to express the United States' total public debt outstanding in the more human scale terms of U.S. households, for which the U.S. Census provides data going back to 1967. Our chart below summarizes what we find when we calculate the national debt per U.S. household for each of the U.S. government's fiscal year from 1967 through the just ended fiscal year for 2012, both in nominal and...

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