The numbers don’t lie. Even though it was obvious we weren’t in a recovery, some of these numbers may still shock you.
At the beginning of the Obama administration, in the first quarter of 2009, student loans stood at $146.6 billion. From there, the graph rises steeply. By the fourth quarter 2015, the last quarter for which the Federal Reserve Bank of St. Louis charted the data, student loans had risen to $945.6 billion.
2. Food Stamps
Under President Obama, the Supplemental Nutrition Assistance Program, or SNAP, commonly known as the “Food Stamps” program, has grown from $54.8 billion in 2009 to $69.4 billion in 2014.
In January 2015, the number of beneficiaries receiving food stamps topped 46 million for 38 straight months, with 14.6 percent of the population and 19.7 percent of all households receiving food stamps
3. Federal Debt
The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015.