History of US Debt
The current total of US debt – public and intra-governmental – is 8.1 trillion.Ronald Reagan started his term with total debt outstanding of 930 million and increased total debt outstanding to 2.7 trillion. This is a 13.71% compound annual increase. He never balanced a budget.
Bush I started his term with outstanding debt of 2.7 trillion and increased total debt to 4 trillion. This is a 10.32% compounded annual increase. He never balanced a budget.
Clinton started with total debt outstanding debt of 4 trillion and increased total debt outstanding to 5.6 trillion. This is a 4.2% compounded annual increase. He balanced his last three budgets.
Bush II started with 5.6 total outstanding debt and increased total outstanding debt to 8.1 trillion. This is a 7% annual increase. He has never balanced a budget.
Republicans have held the presidency for 17 of the last 25 years. They have never balanced a budget and have increased total debt outstanding 11.69% in each year there has been a Republican President.
The truth about Republican economic Policies:
THE REPUBLICANS ARE THE PARTY OF TAX AND SPEND - AS LONG AS THE TOP 1% OF THE POPULATION IS GETTING THEIR TAX CUTS.
Source: http://www.dembloggers.com/story/2006/1/8/62234/49652