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National debt and past presidents

This Wikipedia article provides a chart documenting federal debt as a percentage of GDP since World War II. Some question the validity of Wikipedia’s statistics at times, so you may want to take this chart with a grain of salt.  Read more

Here are the top 5 in increasing national debt as a percentage of GDP:

1. Ronald Reagan, Republican (Republican majority in Congress)

2. George H.W. Bush, Republican (Democratic majority in Congress)

3. George W. Bush, Republican (Republican majority in Congress)

4. Richard Nixon/Gerald Ford, Republican (Democratic majority in Congress)

President Obama, Democrat, is not yet included in this chart, though according to current budget projections, he will likely shoot to #1 on this list.

Here are the top 5 in decreasing national debt as a percentage of GDP:

1. Franklin Roosevelt/Harry Truman, Democrat (Democratic majority in Congress). However, it must be noted that Roosevelt ballooned national debt during his “New Deal” and World War II.

2. Harry Truman, Democrat (Democratic majority in Congress)

3. Dwight Eisenhower, Republican (Democratic majority in Congress)

4. John F. Kennedy/Lyndon Johnson, Democrat (Democratic majority in Congress)

5. Bill Clinton, Democrat (Republican majority in Congress)

See the chart here.

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2 Responses to “National debt and past presidents”

  1. Todd Kading said:

    That is one of the silliest pieces of data I have ever seen. It doesn’t tell us anything. Roosevelt and Truman ran up the debt that was eventually reduced due to a recovering economy after WWII. This type of analysis is the same as Obama running a deficit that is quadruple Bush’s - then withing four years cutting it in half (still 100% more than the biggest in history) and claiming that he cut the deficit in half. Side note - Reagan briefly had a R senate but never a R house.

  2. SeattleBruce said:

    The Ds have controlled both Houses of Congress 75% of the past 80 years. They write and pass tax and appropriations laws. Particular Presidents do not have some sort of power to change those macroeconomics.

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