Sunday, February 07, 2010 10:02:10 PM
mthead, this graph looks familiar so maybe has been up before ..
http://zfacts.com/p/318.html
put those debt as percentage of GDP together with this one of Steph's, (lol, it's on the 'ridiculous deletions' board)
A Scorecard on Federal Spending
1/28/10 4:10 PM
Just so history isn’t rewritten during the current outcry over deficit spending, here’s a recap of the national debt during the reign of the last five presidents. (All numbers come from the Treasury Department, here and here.) [ http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm ] & here [ http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm ]
When Ronald Reagan was elected in 1980, the federal debt was just under $908 million.
Eight years and several tax cuts later, it was $2.6 trillion. Difference: +186%.
Taking the $2.6 trillion debt he inherited, George H.W. Bush took us up to $4.1 trillion in 1992. Difference: +58%.
In eight years under Bill Clinton, the debt jumped from $4.1 trillion to $5.7 trillion. Difference: +39%.
Under George W. Bush, that $5.7 trillion in 200o grew to more than $10 trillion in 2008. Difference: 75%.
Last year, under Barack Obama’s reign, the figure went from $10 trillion to $11.9 trillion. Difference: 19%.
Which begs two questions: (1) Why do Republicans consider themselves the more fiscally
responsible party? And (2) how did Reagan become the poster child of conservative budget policy?
http://washingtonindependent.com/75084/a-scorecard-on-federal-spending
and you get the picture .. somewhere here i read that Obama was responsible for some 8% of the debt .. another i read said 10% ..
http://zfacts.com/p/318.html
put those debt as percentage of GDP together with this one of Steph's, (lol, it's on the 'ridiculous deletions' board)
A Scorecard on Federal Spending
1/28/10 4:10 PM
Just so history isn’t rewritten during the current outcry over deficit spending, here’s a recap of the national debt during the reign of the last five presidents. (All numbers come from the Treasury Department, here and here.) [ http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm ] & here [ http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm ]
When Ronald Reagan was elected in 1980, the federal debt was just under $908 million.
Eight years and several tax cuts later, it was $2.6 trillion. Difference: +186%.
Taking the $2.6 trillion debt he inherited, George H.W. Bush took us up to $4.1 trillion in 1992. Difference: +58%.
In eight years under Bill Clinton, the debt jumped from $4.1 trillion to $5.7 trillion. Difference: +39%.
Under George W. Bush, that $5.7 trillion in 200o grew to more than $10 trillion in 2008. Difference: 75%.
Last year, under Barack Obama’s reign, the figure went from $10 trillion to $11.9 trillion. Difference: 19%.
Which begs two questions: (1) Why do Republicans consider themselves the more fiscally
responsible party? And (2) how did Reagan become the poster child of conservative budget policy?
http://washingtonindependent.com/75084/a-scorecard-on-federal-spending
and you get the picture .. somewhere here i read that Obama was responsible for some 8% of the debt .. another i read said 10% ..
Jonathan Swift said, "May you live all the days of your life!"
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