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In 2001 the national debt bush inherited was around 57t give or take.
South carolina social security office. In his last few years in office he had a budget surplus rather than a budget deficit. When bush left office in 2009 the debt was nearly 11t. Of that 56 trillion some 45 trillion was owed to social security and some small additional amount owed to other intragovernmental organizations.
When bush left office in 2009 the debt was nearly 11t. By 2006 he should have known better. 20 2017 when obama left office outstanding public debt totaled 19944429217106 an increase of roughly 93 trillion.
And so far obama has added about 1 trillion to that to 14 trillion. Calvin coolidge was the last president to do so leaving office in 1929 15 presidencies ago. So the fact is bush got our debt to 13 trillion throwing good money after bad in desperation to try to prevent the recession until he was out of office.
When he left the white house on january 20 2017 it was 19947 trillion. Comparatively former president george w. Yes thats george bush ii.
Roosevelt in office between 1933 1945 increased national debt by 104773 24 increase per year on average of the 45 presidents only 14 of them have overseen a decrease in debt. When w took office it was 573 trillion and when he left it was 107 trillion which means 497 was attributed to bush in 8 years. Although he only added 236 billion this was a nearly 1050 increase from the 225 billion debt level left by president herbert hoover.
Obama is at 1266787502230508 as of 1246 am today. One month after taking office in 2001 with a plan to cut taxes he said he would retire nearly 1 trillion in debt over the next four years. The largest debt reduction ever achieved by any nation at any time instead the national debt went up by 2 trillion.
The great depression and the new deal contributed to fdrs yearly deficits but the biggest cost was world war ii. Thats an increase of 89 percent. For instance on the day that barack obama was sworn injanuary 20 2009the debt was 10626 trillion.
When bill clinton left office the national debt was about 56 trillion. The math that seems simple obama added 9 trillion in debt during his term.
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