For each baby born since Obama took office, debt has increased by $1,608,304
By Catholic Online (NEWS CONSORTIUM)
1/21/2014 (3 years ago)
Catholic Online (www.catholic.org)
This week marks the fifth anniversary of U.S. President Barack Obama's inauguration. According to Terence P. Jeffrey, of CNS News, under Obama, the total debt of the U.S. government has increased -- by approximately $1,608,304 FOR EACH of the 4,130,665 babies born in the United States in 2009, the year Obama took office.
According to the National Center for Health Statistics, the life expectancy of a baby born in the United States in 2009 is 78.5 years.
LOS ANGELES, CA (Catholic Online) - According to the National Center for Health Statistics, the life expectancy of a baby born in the United States in 2009 is 78.5 years. In short, the government would add more than $104 trillion in net debt during the life expectancy of those babies.
The federal government has borrowed a net total of $6,643,363,305,451.78 during Obama's presidency. That works out to an average of approximately $1,328,672,661,090 per year, or $104,300,803,895,565 over 78.5 years.
The $104,300,803,895,565 the federal government would borrow during the lifetimes of babies born in 2009, if the government were to continue to borrow at the annual pace of $1,328,672,661,090 would equal $25,250,366 for EACH of those babies.
At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to the U.S. Treasury. At the close of business on Jan. 16, 2014, the latest day reported, the total debt of the federal government was $17,270,240,354,364.86.
The $6,643,363,305,451.78 that the federal debt has increased during Obama's first five years equals approximately $1,608,304 for each of the 4,130,665 babies that the National Center for Health Statistics says were born in the United States in 2009. It also equals approximately $321,661 per year over the last five years for each of the babies born in 2009.
Add this to the equation: Forty-one percent of those babies born in 2009, or 1,693,658 of them were born to unwed mothers, according to the National Center for Health Statistics.
The $6,643,363,305,451.78 that the federal debt has increased during Obama's first five years also equals approximately $57,762 for every one of the 115,013,000 households the Census Bureau now estimates there are in the country. It also equals an average of about $11,552 per year per household.
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