U.S. & World

Both parties helped run up US $14 trillion debt


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  • Pagan Salt Lake City, UT
    April 14, 2011 10:28 a.m.

    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.