Obama’s Increasing Federal Debt $1,148 Per Month Per Household

The Bernank spake and He said “Tu es stultus.”  Then the Bernank opened up the heavens and rained green linen cloths down upon the plebeians until they all were smothered to death.

There was much weeping and gnashing of teeth.

CNS News reports:

Under President Barack Obama, the federal debt has been increasing at a rate of $1,148 per month per American household.

Overall, according to the U.S. Treasury, the federal debt increased by $3,646,116,554,704.36 between Jan. 20, 2009, when Obama was inaugurated, and April 13, 2011, when he gave a major speech announcing a plan to deal with the debt.

Given that the Census Bureau estimated in March that there are 117,538,000 households in the United States, the $3.6461 trillion increase in the debt under Obama works out to $31,020 per household.

2010 consumer debt: $2,400,000,000,000

Consumer debt per household: $20,419

Combined public and private average household debt: $51,439