According to the CBO, the federal debt was $56,000 per household when Obama took office. It has risen over 28% to a total of $72,000 per household today. The budget projections indicate an increase of nearly $10 trillion in deficits over 10 years.
The increase in deficit spending will increase the debt to $20.3 trillion by 2020. That amount of debt is equivalent to $170,000 per household and will equal 90% of our GDP. This in an increase of over 200% in debt levels in just 10 years.