“Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker” – CNS News

Posted on :Jan 05, 2015

By: Terence P. Jeffrey

CNS News

January 5, 2015

(CNSNews.com) – The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $7,458 per full-time year-round worker (including full-time year-round government workers) and $6,875 per household.

According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended the year at $18,141,444,135,563.30.

Since Obama took office on Jan. 20, 2009, the debt has increased $7,514,567,086,650.22–which is $70,985 per full-time worker and $84,266 per full-time private-sector worker.

In 2013, according to the Census Bureau there were 105,862,000 full-time year-round workers in the United States. The $789,473,350,613.20 increase in the federal debt during 2014 worked out to $7,457.57 for each of those full-time year-round workers.

FEDERAL DEBT-CALENDAR 2014

Those 105,862,000 full-time year-round workers included 16,685,000 federal, state and local government workers and 89,177,000 private-sector workers.

The $789,473,350,613.20 in new debt that the federal government accumulated in 2014 equaled $8,852.88 for each of the 89,177,000 full-time private-sector workers in the country.

As of December 2013, there were 114,826,000 households in the country, according to the Census Bureau. The $789,473,350,613.20 in new debt equaled $6,875.39 per household.

Ten years ago, at the end of 2004, the federal debt was $7,596,142,802,424.14. Since then, it has grown by $10,545,301,333,139.16—an average pace of $1,054,530,133,313.92 per year.

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