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To
08/04/2010 11:39:03
General information
Forum:
Politics
Category:
Taxes
Title:
Miscellaneous
Thread ID:
01458965
Message ID:
01459357
Views:
52
I didn't say the debt doesn't grow during Democratic administrations. It just goes up a lot less. (For some time while Clinton was in office, it was actually going down and looked like it might be wiped out). His first term was skewed the first year or two as we pulled out of a deep recession, the same thing Obama is going through now.

The past couple of years have been extraordinary times economically (Bush's last year and Obama's first) and the debt would have skyrocketed no matter who was in office. Let's see how things look two or three years from now.

>Or let the national debt grow. Of course, that normally only happens during Republican administrations.
>
>What planet are you living on?
>
>The numbers below do NOT reflect the actual National Debt. Instead, they reflect the amount of the INCREASE in the National Debt during each presidential term.
>
>> Ronald Reagan’s First Term – $656 billion increase
>
>> Ronald Reagan’s Second Term – $1.036 trillion increase
>
>> George H.W. Bush’s Term – $1.587 trillion increase
>
>> Bill Clinton’s First Term – $1.122 trillion increase
>
>> Bill Clinton’s Second Term – $418 billion increase
>
>> George W. Bush’s First Term – $1.885 trillion increase
>
>> George W. Bush’s Second Term – $3.014 trillion increase
>
>> Barack Obama’s First “Year” – $1.573 trillion increase
>
>To summarize, the National Debt increased by huge amounts under each of these presidents. The largest increase for a complete term occured during George W. Bush’s second term. The largest increse during a single year occurred during Barack Obama’s first year.
>
>Current Obama administration projections indicate that the National Debt will increase by approximately $6.5 trillion during President Obama’s first term. If that happens, then he will obviously overtake President Bush’s record increase in the National Debt.

>
>It is clear that the National Debt has been growing uncontrollably in recent years, regardless of which political party has been in power. To reverse this trend, we need to hold our elected officials accountable and demand that they balance the budget and reduce the National Debt.
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