IcebergSlim
Diamond Member
- Oct 11, 2013
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- #61
If anyone feels they can provide more reliable numbers than the source I'm using I'm happy to adjust what I'm posting here. I'm merely pointing out cold hard facts here boys and girls.
For the purposes of this thread Presidential terms are defined as the year in which said President assumed office. Thus, Obama's term is credited with the numbers starting in 2009. GWB's term is credited with the numbers beginning in 2001, etc. Years of Vice Presidential successions are attributed to the individual who was in office for the greater part of the year. Thus, 1963 is credited as Kennedy's last year and 1964 as Johnson's first year. The "change percent" is the percent of the starting debt that the additional debt represents. The "contribution percent" is the percentage of the total ending debt the total change represents.
Obama
Debt 2009 = $11.9 trillion
Debt 2014 = $18.0 trillion
Change dollars = $6.1 trillion
Change percent = 51.2%
Change contribution = 33.9%
George W. Bush
Debt 2008 = $10.0 trillion
Debt 2001 = $5.8 trillion
Change dollars = $4.2 trillion
Change percent = 72.4%
Change contribution = 42.0%
Bill Clinton
Debt 1993 = $4.4 trillion
Debt 2000 = $5.7 trillion
Change dollars = $1.3 trillion
Change percent = 29.5%
Change contribution = 22.8%
George Bush
Debt 1989 = $2.9 trillion
Debt 1992 = $4.1 trillion
Change dollars = $1.2 trillion
Change percent = 41.2%
Change contribution = 29.3%
Ronald Reagan
Debt 1981 = $1.0 trillion
Debt 1988 = $2.6 trillion
Change dollars = $1.6 trillion
Change percent = 160.0%
Change contribution = 61.5%
Jimmy Carter
Debt 1977 = $700 billion
Debt 1980 = $900 billion
Change dollars = $200 billion
Change percent = 28.6%
Change contribution = 22.2%
Gerald Ford
Debt 1975 = $500 billion
Debt 1976 = $600 billion
Change dollars = $100 billion
Change percent = 20.0%
Change contribution = 16.7%
Richard Nixon
Debt 1969 = $354 billion
Debt 1974 = $475 billion
Change dollars = $121 billion
Change percent = 34.2%
Change contribution = 25.5%
Lyndon Johnson
Debt 1964 = $312 billion
Debt 1968 = $348 billion
Change dollars = $36 billion
Change percent = 11.5%
Change contribution = 10.3%
John F Kennedy
Debt 1961 = $306 billion
Debt 1963 = $289 billion
Change dollars = $17 billion
Change percent = 5.9%
Change contribution = 5.6%
Dwight D. Eisenhower
Debt 1953 = $266 billion
Debt 1960 = $286 billion
Change dollars = $20 billion
Change percent = 7.5%
Change contribution = 7.0%
Harry S. Truman
Debt 1945 = $259 billion
Debt 1952 = $259 billion
Change dollars = $0
Change percent = 0%
Change contribution = 0%
Franklin Roosevelt
Debt 1933 = $23 billion
Debt 1944 = $201 billion
Change dollars = $178 billion
Change percent = 773.9%
Change contribution = 88.6%
Herbert Hoover
Debt 1932 = $19 billion
Debt 1929 = $17 billion
Change dollars = $2 billion
Change percent = 11.8%
Change contribution = 10.5%
I looked at it in 2009 dollars. All data comes from here.
Here's what the total federal public debt and percent increase looks like if the President is responsible for the fiscal year in which he is elected, i.e. Obama is responsible for all of fiscal year 2009 budget even though the fiscal year started on October 1 2008, before he was elected.
Hoover --> $80B, 45%
FDR --> $1.78T, 688%
Truman --> -$304B, -15%
Kennedy/LBJ --> -$68B, -4%
Nixon/Ford --> $114B, 6%
Carter --> $320B, 17%
Reagan --> $2.14T, 105%
Bush I --> $1.75T, 42%
Clinton --> $1.21T, 21%
Bush II --> $3.19T, 46%
Obama --> $6.47T, 64%
Obama (projected to 2016) --> $7.41T, 74%
Here's what it looks like if you average the fiscal year budgets for the calendar year in which the President is elected, i.e. Obama was inaugurated on January 20 2009, so we allocate half the increase in debt in fiscal year 2009 to Obama.
Hoover --> $108B, 62%
FDR --> $2.00T, 708%
Truman --> -$538B, -24%
Kennedy/LBJ --> -$83B, -5%
Nixon/Ford --> $217B, 12%
Carter --> $93B, 5%
Reagan --> $2.27T, 111%
Bush I --> $1.52T, 35%
Clinton --> $1.04T, 18%
Bush II --> $4.09T, 59%
Obama --> $6.10T, 56%
Obama (projected to 2016/17) --> $6.66T, 61%
By the time he leaves office, the growth of debt under Obama will be the second highest since WWII. However, debt built up faster under Reagan than it did under Obama.
Hi canada. Why don't you tell us what Reagan spent on as compared to what Obama does. Not relevant, eh canada?
You even know what the cold war was, or do you think that was all another American myth? You have any idea what the arms race was? Tell us all about it canada.
You have any clue about the space race and what was spent on that?
You fucking liberals. I am here to remind you of the epic failure of the left wing dream. The destruction of the USSR and Marxism not even lasting one hundred year. NOT EVEN ONE HUNDRED FUCKING YEARS.
Yes, canada. Stats are like bikinis. What they reveal is suggestive, what they conceal is vital. I will be waiting for to tell me about the arms race, and I will be waiting for the hippies to tell us how unnecessary a strong military or mass military spending was during the 80s.
The point is, canadian socialist, canada really benefits from our Monroe doctrine even today. I think we ought to force canada to contribute to our military.
Then again, canada does have the canadian snowbirds.
Check em out everyone. The canadian airforce. <snicker>
The "canadian airforce."
Debt grew by $2.27 trillion under Reagan. Defense spending in constant dollars was $378 billion in 1979. By the end of 1988, it had risen to $532 billion. Accumulated increased defense spending under Reagan was $867 billion, accounting for 38% of the total debt build-up under Reagan.
Had defense spending been held constant, accumulated debt under Reagan would have risen by $1.41 trillion or 68%, still the highest since WWII.
Defense Spending Since WWII United States 1975-1990 - Federal State Local Data
Hope that helps.
Don't forget that Reagan also cut taxes while escalating the cost of the Cold War, which is fiscal insanity.
Were taxes higher or lower when he left office?
Darn, that's two.
Social Security sure wasn't......
And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....
Your point being?