Comments about ‘Both parties helped run up US $14 trillion debt’
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Obama has been president for 2yrs.
From dlharman..
National debt as a percentage of GDP is the accepted method of comparison.
Reagan: Increased --> 34% to 52%
Bush I: Increased --> 52% to 65%
Clinton: Decreased --> 65% to 56%
Bush II: Increased --> 56% to 82%
Obama: Increased --> 82% to 97%
Just the facts. Those numbers are published by the treasury dept.
Net republican increases: 57%
Net democratic increases: 6%
For Obama to DOUBLE the national debt, as George W. Bush did...
'Eight years in office, a $10.6 trillion debt' - By David M. Dickson - December 15, 2008 - Washington Times
'President Bush has nearly doubled the national debt during his eight years in the White House.'
he would have to add $10 trillion to national debt.
For Obama to TRIPLE the national debt, as Regan did...
he would have to add $10 trillion to the national debt.
The standard for debt, has been set very high for Obama.
Obama's GDP contribution of 15% isn't even CLOSE to Regan's 18%.
Or George W. Bush's 26% addition to the national GDP.
WHO factually adds the most national debt to the country?
The Republican party.
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