42 people answered.
Correct answer is: $5 trillion
Contending with decreased revenue as a result of the 2008 financial crisis, President Obama already found himself in a hole. Adding to that the stimulus package, increased defense spending, higher mandatory entitlement payouts, and the Obama tax cuts results in more than $5 trillion being added to the federal debt under President Obama.
New York University is participating in Up to Us, a nationwide competition to educate and engage campus communities on the issue of our federal government’s long-term debt. NYU is competing with 9 other schools—such as Brown, Georgetown, and U Texas—to win this nonpartisan competition. First prize is $10,000 and the judging panel includes George Stephanopoulos, Chelsea Clinton, Erskine Bowles, and Alan Simpson. Up to Us is a partnership between Net Impact, Clinton Global Initiative University, and the Peter G. Peterson Foundation (http://www.itsuptous.org/). If Up to Us: NYU wins, we will be donating the prize to charity, such as Food Bank of NYC or Hurricane Sandy relief.