us debt and GDP

Does Party in Power Matter? I’m going to say that none of them are watching out for you and me – and our kids. Check out the strong, constant growth of debt as a percent of GDP since the near-all-time low after Carter’s administration, as Reagan took over. The Bushes both push up the debt—Clinton avoids rising conflicts with Iraq and Islamic Extremists, and gives us a brief respite; then recently we get the violent increase of Obama. And Bush’s numbers are in the data --- Obama’s numbers aren’t Bush’s fault! None of them are keeping a solid hand on the budget. Does Party in Power Matter? An Equal Opportunity Financial Disaster: ye ars $D eb t (beg in) Ch an ge in$Deb t % Change in $Deb t Rate of Growth: % Change in $Debt, per year (geo avg) GDP ( begin) Change in GDP % Change inGDP Rate of Growth: % Change inGDP, peryear (geo avg) $Debt/ GDP Change in Debt/GDP Rate of Growth: Change in Debt/GDP, per year (neithergeo nor arith ) Now $ 13, 974, 571,537,737 $ 14, 526, 500, 000,000 96.2% Oba m a 2 $ 10 , 49 6 ,0 00,92 3, 5 62 $ 3, 47 8, 5 70 ,6 1 4, 174 3 3. 1% 1 5. 4 % $ 14 , 291 , 5 00 ,0 00, 00 0 $ 2 35, 00 0, 0 00 ,0 0 0 1. 6% 0 .8 % 73. 4% 31 . 0% 1 4. 4% Bush I I 8 $ 5 , 707, 499, 510,465 $ 4,788,501,413, 097 83. 9 % 7. 9 % $ 9 , 951,500,000, 000 $ 4,340,000,000, 000 43. 6% 4.6% 57.4 % 2 8.1% 3.1 % Cl in ton 8 $ 4, 15 1, 33 7, 71 2, 4 26 $ 1, 55 6, 16 1, 79 8, 039 3 7. 5% 4. 1% $ 6, 34 2, 30 0, 00 0, 0 00 $ 3, 60 9, 20 0, 0 00, 00 0 56 .9 % 5. 8% 65 .5 % -1 2. 4% -1 .6 % Bush I 4 $ 2 , 666, 111, 024,078 $ 1, 485,226, 688, 348 55. 7% 11. 7 % $ 5 , 100, 400,000, 000 $ 1, 241,900, 000, 000 24.3 % 5.6% 52.3 % 25.2% 5. 8% R ea ga n 8 $ 93 0, 23 9 ,50 0, 00 0 $ 1, 73 5, 8 71 ,5 2 4, 078 18 6. 6% 1 4. 1 % $ 2, 7 88 ,1 0 0, 0 00 ,0 00 $ 2, 31 2, 3 00 ,0 0 0, 00 0 82. 9% 7 .8 % 33. 4% 56 .7 % 5. 8% Ca rt er 4 $ 659,636,500, 000 $ 270,603, 000,000 41. 0% 9. 0 % $ 1, 824,600,000,000 $ 963,500, 000,000 52.8% 11.2% 36.2 % - 7. 7 % -2 . 0% For d 2.5 $ 475,059,815, 732 $ 184,576, 684, 268 38. 9% 14. 0 % $ 1, 440, 900,000, 000 $ 383, 700, 000, 000 26.6% 9.9% 33. 0% 9. 7 % 3. 8% Nixon 5.5 $ 350, 649,330,134 $ 124,410, 485,598 35.5% 5. 7 % $ 909, 800,000, 000 $ 531,100, 000,000 58.4% 8. 7 % 38.5 % -1 4.5% -2 . 8% Jo hnson 5 $ 308, 786,266,127 $ 41,863, 064, 007 13.6% 2. 6 % $ 617, 800, 000, 000 $ 292, 000, 000,000 47.3% 8. 0 % 50. 0% -2 2.9% -5 . 1% Kennedy 3 $ 287,650,849, 729 $ 21,135, 416,398 7.3% 2.4% $ 526, 400,000, 000 $ 91, 400, 000,000 17.4% 5.5% 54.6% -8.5% -2 .9% Eisenhow e 8 $ 262, 588, 120, 212 $ 25, 062,729,517 9. 5% 1. 1% $ 358, 300, 000, 000 $ 168, 100, 000, 000 46.9% 4.9% 73.3% - 25. 4% - 3.6% Truman 7.5 $ 258, 682,187, 410 $ 3, 905,932, 802 1.5% 0.2 % $ 221, 400,000, 000 $ 136,900, 000, 000 61.8% 6.6% 116.8 % -3 7.3% -6 .0 % Ro os e ve lt 1 2. 5 $ 2 1, 01 2, 8 37 ,5 02 $ 2 3 7, 669 , 3 49 ,9 0 8 1 13 1 .1 % 2 2. 2% $ 5 8,7 00 , 000 , 000 $ 162, 70 0, 0 00 , 00 0 27 7 .2 % 11 .2 % 35. 8% 2 26 .4 % 9. 9 % Debt/GDP Data GDP Data Debt Data

us debt and GDP

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