General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDebt increase by presidents:
Reagan 186%, Bush 54% Clinton 41% Bush II 72% Obama 23%. Source CBO
https://twitter.com/PAULFREID/status/391018041779425280
Turbineguy
(37,372 posts)These are just facts. What's important is who you can blame. "Tax and spend Democrats!"
former9thward
(32,082 posts)These are the actual additions from Obama to Nixon. http://useconomy.about.com/od/usdebtanddeficit/p/US-Debt-by-President.htm
President Barack Obama: Added $5.081 trillion, a 44% increase to the $11.657 trillion debt level attributable to Bush's at the end of his last budget, FY 2009.
FY 2013 - $672 billion.
FY 2012 - $1.276 trillion.
FY 2011 - $1.229 trillion.
FY 2010 - $1.652 trillion.
FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)
President George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
FY 2009 - $1.632 trillion.(Bush's deficit without the impact of the Economic Stimulus Act).
FY 2008 - $1.017 billion.
FY 2007 - $501 billion.
FY 2006 - $574 billion.
FY 2005 - $554 billion.
FY 2004 - $596 billion.
FY 2003 - $555 billion.
FY 2002 - $421 billion.
President Bill Clinton: Added $1.396 trillion, a 32% increase to the $4.4 trillion debt level at the end of Bush's last budget, FY 1993.
FY 2001 - $133 billion.
FY 2000 - $18 billion.
FY 1999 - $130 billion.
FY 1998 - $113 billion.
FY 1997 - $188 billion.
FY 1996 - $251 billion.
FY 1995 - $281 billion.
FY 1994 - $281 billion.
President George H.W. Bush: Added $1.554 trillion, a 54% increase to the $2.8 trillion debt level at the end of Reagan's last budget, FY 1989.
FY 1993 - $347 billion.
FY 1992 - $399 billion.
FY 1991 - $432 billion.
FY 1990 - $376 billion.
President Ronald Reagan: Added $1.86 trillion, 186% increase to the $998 billion debt level at the end of Carter's last budget, FY 1981.
FY 1989 - $255 billion.
FY 1988 - $252 billion.
FY 1987 - $225 billion.
FY 1986 - $297 billion.
FY 1985 - $256 billion.
FY 1984 - $195 billion.
FY 1983 - $235 billion.
FY 1982 - $144 billion.
President Jimmy Carter: Added $299 billion, a 43% increase to the $699 billion debt level at the end of Ford's last budget, FY 1977.
FY 1981 - $90 billion.
FY 1980 - $81 billion.
FY 1979 - $55 billion.
FY 1978 - $73 billion.
President Gerald Ford: Added $224 billion, a 47% increase to the $475 billion debt level at the end of Nixon's last budget, FY 1974.
FY 1977 - $78 billion.
FY 1976 - $87 billion.
FY 1975 - $58 billion.
President Richard Nixon: Added $121 billion, a 34% increase to the $354 billion debt level at the end of LBJ's last budget, FY 1969.
FY 1974 - $17 billion.
FY 1973 - $31 billion.
FY 1972 - $29 billion.
FY 1971 - $27 billion.
FY 1970 - $17 billion.
kentuck
(111,110 posts)Because Presidents cannot go fromtrillion dollar inherited deficits to zero deficits. The carryover deficits from Bush Jr incuded 2 wars, a depression, and high unemployment. Barack Obama gets charged with those ??
former9thward
(32,082 posts)Every president can argue, with justification, that he is being saddled with programs/problems of whoever came before. Whoever takes over from Obama will say the same thing. But at the end of the day you have to have some way to calculate the numbers.
Savannahmann
(3,891 posts)President Washington didn't have that problem, but everyone since has.
former9thward
(32,082 posts)http://en.wikipedia.org/wiki/National_debt_of_the_United_States
So you are right.