Quote:
Originally Posted by 12clicks
pathfinder, the charts show that the greatest reduction of national debt was when control of congress was turned over to republicans.
the chart also leaves off obama's debt which is the largest increase by any president ever.
now run along and come back as "the queen" and explain how you found yourself dead at your computer, mid post on GFY.  |
President Reagan: 32.5% of GDP to 53.1%
President Bush Senior: Took it to 66.1% of GDP
President Clinton: Reduced it to 56.4% of GDP
President Bush Jr: Took it to 83.4% of GDP
President Obama: Came into office with it being 83.4% of GDP
It is yet to be known what it percentage of the GDP will be when he leaves office.
It does not make alot of difference who is in the majority in the House and Senate as the President can veto any spending bill that he chooses to and usually the Senate cannot get enough votes to override a veto. Thus ultimately the buck stops with the President...not the Congress.
As you can see under Republican administrations the debt went from 32.5% of GDP to 83.4% of GDP...and no President Obama has not reached this almost 52% in increase to GDP.