Since President Joe Biden was inaugurated, the federal debt has increased by more than $7 trillion.
On Jan. 20, 2021, the day of Biden's inauguration, it was $27,751,896,236,414.77, according to data published by the U.S. Treasury Department. As of this Fourth of July, it was $34,847,568,990,054.13.
That is an increase of $7,095,672,753,639.36 -- in less than four years.
No other president has increased the debt that much between his inauguration and the Fourth of July in his fourth year in office.
When President Donald Trump was inaugurated on Jan. 20, 2017, the debt was $19,947,304,555,212.49. On the Fourth of July in 2020 -- the year of the COVID pandemic -- it was $26,447,922,718,271.66.
That was an increase of $6,500,618,163,059.17.
When President Barack Obama was inaugurated on Jan. 20, 2009, the debt was $10,626,877,048,913.08. On the Fourth of July in 2012, it was $15,880,986,464,325.29.
That was an increase of $5,254,109,415,412.21.
When President George W. Bush was inaugurated on Jan. 20, 2001, the federal debt was $5,727,776,738,304.64. On the Fourth of July in 2004, it was $7,259,602,983,923.51.
That was an increase of $1,531,826,245,618.87.
According to the Treasury Department data, the total debt of the federal government first exceeded $7 trillion on Jan. 15,........