- 1776-->2007 +$5 trillion (35% of current total)
- 2008-->2016 +$9.4 trillion (65% of current total created in the last nine years).
- The Obama administration and Congress during his 2 terms are presently responsible for creating 56% of all US marketable debt...and will likely be 57%+ by Trump's inauguration (chart at bottom of article).
Still, there were winners under Obama. If you held equities or were a home owner (or landlord), times were very good. The chart below shows the % rise in the Wilshire 5000 (representing all public companies actively traded in the US), the Case Schiller home price index, and the rise in marketable Treasury debt. The rise in equities under Obama is numero uno, thanks to a lot of new debt.
Regardless Clinton or Trump, The next 8 Years Are Going Be The Worst Economic Period In US History
Regardless who was chosen as president for the next two terms, 80% of the population growth in the US will come from 65+yr/olds (chart below). This is the inverse from Clinton's & Reagan's presidency's which were the benefactor of the strongest demographic and population changes with 80% of the growth coming from the working age population. In short, as population growth among the young peaked in the 80's, (and has now slowed to a crawl), the Fed has been dropping rates all along to incent the decelerating growth among the young to indebt themselves further...but the population growth to consume(r) our way out of this debt bubble is never coming.
Below, the reversing make-up of population growth from the peak under Clinton to the upcoming bottom under President Trump (particularly in the second term). And all these numbers assume continued current levels of immigration...if that slows (or a Trump deportation occurs), the numbers of young will be even further reduced.