The federal debt has increased by $4.47 trillion since President Barack Obama released his first federal budget on Feb. 26, 2009. That budget was entitled “A New Era of Responsibility.”
On Feb. 26, 2009, as Obama released his budget for fiscal 2010, the national debt stood at $10.88 trillion (10,881,159,722,022.36). At the close of business on Feb. 9, 2012, the national debt stood at $15.36 trillion ($15,355,838,921,022.16). That represents an increase in the debt of $4.47 trillion ($4,474,679,198,999.80).
The $4.47-trillion increase in the debt since Obama released his first budget is more than the national debt increased from President George Washington through President George H. W. Bush, who left office on Jan. 20, 1993. At the end of fiscal 1993 (on Sept. 30, 1993, the national debt stood at $4.41 trillion ($4,411,488,883,139.38), according to the U.S. Treasury.