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Old 11-29-2012, 09:17 AM   #879
Makarov
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Quote:
Originally Posted by crazy_eoj View Post
Last Bush and Obama, primarily. Sadly, Obama looks likely to obliterate any past borrowers in US history, passing Crazypants Bushs' borrowing in just 4 years... 15 trillion and counting.
Ronald Reagan:

Quote:
From 1981 to 1989, nominal debt held by public nearly tripled. On the one hand, President Ronald Reagan increased military spending and lowered tax rates. (Reagan slashed the top income tax rate from 70% to 28%, although bills passed in 1982 and 1984 later partially reversed those tax cuts.)[7][9] On the other hand, congressional Democrats blocked attempts to reverse spending on social programs.[7][10] Because of the budget deficits that resulted, debt held by the public as a share of GDP increased from 26.2% in 1980 to 41% by the end of the 1980s.[8]
George W Bush:

Quote:
Debt relative to GDP rose due to recessions and policy decisions in the early 21st century. From 2000 to 2008 debt held by the public rose from 35% to 40%, and to 62% by the end of fiscal year 2010.[15] During the presidency of George W. Bush, the gross public debt increased from $5.7 trillion in January 2001 to $10.7 trillion by December 2008,[16] due to decreasing tax rates and two unpaid wars.
SOURCE: http://en.wikipedia.org/wiki/History...es_public_debt
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