Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sten

GWBush took office and the debt was $6 trillion...

therefore, he jacked up the debt by $4 trillion in 8 years


Bush increased debt by 1.2 trillion in his first six years from a starting point of 4.7 trillion. Then the dims took congress and debt went up a lot faster. 3.1 trillion in two years. Since January 07 debt has increased ten trillion.


36 posted on 06/03/2012 8:41:54 AM PDT by W. W. SMITH (Maybe the horse will learn to sing)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: W. W. SMITH
Bush increased debt by 1.2 trillion in his first six years from a starting point of 4.7 trillion. Then the dims took congress and debt went up a lot faster. 3.1 trillion in two years. Since January 07 debt has increased ten trillion.

$4.7 trillion? this is just inaccurate. the national debt was $4.7 trillion in roughly 1994.

$6 trillion was the number i remembered off the top of my head... and after looking it up, i found that it was about $5.7 trillion when GW took office.

by Jan 2007, GW's first 6 years, the US debt was roughly $8.6 trillion... an increase of ~$2.9 trillion, or $433 billion/yr

from there, as the dems took over in Jan 2007, the debt climbed to roughly $10.2 trillion by Jan 2009. an increase of $1.6 trillion, or $800 billion/yr

from Jan 2009, when 0failure took over, the debt has jumped to $15.8 trillion today. that's an increase of $5.6 trillion in a little over 3 years. this would be about $1.86 trillion/year... or FOUR TIMES the spending rate of GW and the GOP congress in 2001-2007. it's also more then DOUBLE the spending of the dem congress of 2007-2009.

sources:
now http://usdebtclock.org/
2000 - 2010 http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
1950 - 1999 http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm

41 posted on 06/03/2012 10:53:35 AM PDT by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 36 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson