Inslee stepping down in 2014
- Thread starter Loyal Coug1
- Start date
W running up 5.85t on a trumped up hunt for weapons of mass destruction skews that.
Managed debt is fine if it's used to fund long term projects. It's idiotic for funding current operations.
Well, then...to make it more comparable, it should look like this:
Reagen- 4.63t
HW- 3.28t
Clinton- 2.4t
W- 8.36t
Obama-10.1t
Trump-7.7t
Biden-3.3t
I used the end of their terms as the measure, so all of the numbers probably should be slightly higher, but this is what comes up using the BLS CPI inflation calculator.
It's also worth noting that the presidential term year doesn't align with the federal budget year, so there's not a neat separation between presidents. It seems likely that some of the stimulus payments authorized under GWB ended up credited to Obama. It's absolutely certain that costs incurred in GWB's 2-front war ended up under Obama. In a similar vein, Clinton likely benefited from military downsizing that started after the fall of the Berlin wall and accelerated with the collapse of the USSR and the end of Desert Storm. We shed about 15% of our active duty personnel between 1989 & 1992, and about another 20% by 2000.
But the total debt is 31+.
The balance did adjust for fiscal years the president had input on. If he added new spending or cuts before 10/1 of his first year that went into that guy’s pool.
Hey, bottom line is that both parties have been spending like drunken sailors for decades. It just needs to stop. We need to raise taxes on the rich, who benefit from all America has given them, and slow down the giveaways to the leeches on the other end. I grow tired of reading about these poor welfare mothers with 7 or 8 kids by 5 or 6 fathers. Get f-ing sterilized.
us debt history chart - Bing
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