The national debt passed $16 trillion today, which means that under Obama, the national debt has surged nearly $5 trillion.
FRED
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It may not look pretty, but it was a great investment.
Here's a chart of Household Net Worth going back to 2006.
It collapsed nearly $16 TRILLION during the crisis, but has rebounded by over $10 trillion since Obama took over.
So the national debt grew by $5 trillion (because the government spent a lot more into the private sector than it took in), but household net worth has grown yb $10 trillion, for a 2-1 investment. Oh, and this debt came at record low rates. Not bad!
Read more: http://www.businessinsider.com/the-national-debt-has-exploded-nearly-5-trillion-under-obama--heres-why-its-been-a-great-investment-2012-9#ixzz25auS4Eln
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