When it comes to Obama vs. Bush on running the finances of our nation… Bush did a hell of a job compared to Obama here. This is absolutely maddening stats.
During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016–the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.
During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67.
In July, according to the Monthly Treasury Statement released today, the federal government took in $209,998,000,000 in taxes and spent $322,813,000,000—running a one-month deficit of $112,815,000,000.
So far in fiscal 2016, according the Treasury statement, the federal government has collected approximately $2,678,824,000,000 in taxes and spent approximately $3,192,487,000,000—running a deficit of $513,662,000,000 for the first ten months of the fiscal year.
Given that the Bureau of Labor Statistics has reported that there were 151,517,000 people employed in the United States in July, the $19,966,110,000,000 in taxes the Treasury has collected during Obama’s first 90 full months in office equals approximately $131,775 per worker.
The $8,795,689,333,049.67 in additional debt the federal government incurred during Obama’s first 90 full months in office equals approximately $58,051 per worker.