The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and
the Republican fiscal policy of Borrow-And-Spend.
As of Friday, December 16, 2011 at 2:32:01PM CT,
The Current ReaganBush Debt is:
$14,169,002,968,508.90
which means that in a total of 20 years,
these three presidents have led to the creation of
93.81%
of the entire national debt
in only 8.5106% of the 235 years of the existence of the United States of America.
ReaganBushDebt.org
Simply repeating figures from a unofficial site is not an effect way of proving your point.
The debt has grown by 5 trillion since Obama swore in. It is now over 15 trillion, which means that under Obama's watch the debt has grown by 30 percent in 3 years as opposed the 20 years that preceded Obama. It went up one trillion since they raised the debt ceiling in July.
He complains about the debt and the mess Bush left him yet he has caused more debt in less time than anyone since WWII.
God, why are some of you so ignorant! Bush debt exploded over several years. Obama's contritution was all at once. That's why it looks like Obama spent more, but he didn't!
Read the articles for Godsakes.
Bush couldn't spend on his own. The debt skyrocketed once the Dems took both houses of Congress. They used the media to scare him into massive spending on just about everything. The war and several natural disasters helped increase the debt, but Bush was just getting a handle on the debt through tax-cuts which increased revenue and reductions in spending....then the Dems won Congress and the deficit shot up in 08'.
The Bush Deficits vs Obama Deficits
Remember all of the calls for increased spending in the following areas:
The Stimulus Bill $1.1 trillion
The TARP bill $700 billion
2007 Spending bill $463.5 billion
The current national debt: U.S. Government National Debt: What they Won't Tell You
The debt is increasing because of compounding interest, unemployment payments, and ever increasing Social Security payments.
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