Debt growth by President

[Theowl32]

Debt grew by $2.27 trillion under Reagan. Defense spending in constant dollars was $378 billion in 1979. By the end of 1988, it had risen to $532 billion. Accumulated increased defense spending under Reagan was $867 billion, accounting for 38% of the total debt build-up under Reagan.

Had defense spending been held constant, accumulated debt under Reagan would have risen by $1.41 trillion or 68%, still the highest since WWII.

Defense Spending Since WWII United States 1975-1990 - Federal State Local Data

Hope that helps.

Don't forget that Reagan also cut taxes while escalating the cost of the Cold War, which is fiscal insanity.

Were taxes higher or lower when he left office?
Darn, that's two.

Social Security sure wasn't......

And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....

Your point being?

So were taxes higher or lower when Reagan left office?

They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...

Once again, your point being?

What was the fucking money SPENT ON, you fucking stubborn piece of shit?

WHAT THE FUCK WAS THE MONEY SPENT ON!?!?!!

You have any fucking clue what the home interest rates reached under Carter's pathetic liberal policies?

You have any clue the damage the "Communist reinvestment Act of 1977" did to this country. Look it up tool. You fucking morons simply blame Booooosh and you expect me to just listen to Andrea Mitchell's husband?

The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5]

The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.) To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or formergers or acquisitions

------------------------

Something I am sure you never read about or heard about from BSNBC did you? Did Andrea Mitchell ever report the effects it had on our economy. Oh, in case you did not know and seemingly do not care, the home interest rates reached as high as 22%.

TWENTY TWO FUCKING PERCENT!

Oh, and here is another little fact you do not know about. Your socialist liar in chief......

President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

^^^^Read the bold faced. Ever hear about that? No?

Here is the previously unpublished report.

Chicago Buycks Lawsuit Plaintiffs

You know nothing about what was going on in the country. You spew out half baked shit and you omit signficant factors. You either do that deliberately or you are ignorant about all of the facts. Either way, you push marxist propaganda, cause that is all you are exposed to.

If you do it deliberately, then you are a pathetic traitor worthy of a cruel death. If you are simply fucking ignorant, then you are no longer ignorant, since I am informing you. Rabbi has already done a great job.

You ignoring the facts does not go unnoticed.

 

[The Rabbi]

Debt grew by $2.27 trillion under Reagan. Defense spending in constant dollars was $378 billion in 1979. By the end of 1988, it had risen to $532 billion. Accumulated increased defense spending under Reagan was $867 billion, accounting for 38% of the total debt build-up under Reagan.

Had defense spending been held constant, accumulated debt under Reagan would have risen by $1.41 trillion or 68%, still the highest since WWII.

Defense Spending Since WWII United States 1975-1990 - Federal State Local Data

Hope that helps.

Don't forget that Reagan also cut taxes while escalating the cost of the Cold War, which is fiscal insanity.

Were taxes higher or lower when he left office?
Darn, that's two.

Social Security sure wasn't......

And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....

Your point being?

So were taxes higher or lower when Reagan left office?

They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...

Once again, your point being?

Thanks for admitting that Reagan lowered taxes.

 

[The Rabbi]

the DNC and libs in general remind me of sloppy little kids; they always make a MESS and the responsible people clean it up.

That's funny....Reagan left a massive structural deficit for Poppy and CLinton to clean up........and Scrub?

The less said about that unprecedented disaster, the better.....

Obama's deficits are bigger than any of the other presidents'.

 

[frigidweirdo]

You think having to deal with the fallout of Bush's wars has anything to do with this?

Obama took over an economy shot to hell and wars in two places and a budget that was going out of control on those wars. Who'd have been able to do anything different?
And the funny thing is the right are having a go at him for not spending enough on killing Muslims too.

Nope. The stupid fucking right wingers on here are SURE that Bush left Obama a thriving economy. And if they admit that the economy wasn't EXACTLY thriving, that it was Obama's fault that the economy wan't thriving.
There by making everything wrong with our current economic situation ALL Obama's fault.

Hard to argue with idiots like the right wingers on here when they believe the bullshit that they believe. I wonder why people even try.

Another tool who is in denial that the economy took a nose dive after the democrats took over the purse strings in 2007.

Let us see. The economy was doing pretty well until 2006. The unemployment rate was 4.6. Then, and then, aaaaaannnnd then, Pelosi took over with the rest of the lying socialist thieves.

What happened when the democrats had control beginning in 2007 and a super control in 2009?

What happened when the republicans took over the House in 2010?

Folks, liberals are liars. They hate America. They relish the thought of America's destruction. They state on here every day how much they hate capitalism and the free market. They hate corporations and the want to tax corporations to death.

They then marvel at the fact that corporations lay off workers to protect their assets when the socialist taxing democrats take over power.

Those same corportations then start hiring again when they sense the republicans take over, who love to give companies tax incentives to hire. Hence, the rate starts going down upon republicans taking over. The same fucking liberals, then hold protest rallies for that.


Wait for it.........

They will now point out the Clinton years. Yeah, they forget the republicans controlled the HOUSE AND SENATE during those years, that Clinton was the first president in 50 years to not have to deal with the cold war (TY Reagan) and the internet came into being (uhhhh ty Gore?).

Liberals are double talking losers. They claim to hate wall street then they cheer over the ZERO INTERST RATE POLICY that only pays off the millionaires and billionaires that helped the democrats. Notice how these pieces of shit never complain how the sweet deals Warren Buffet get, or the fact that GE paid zero taxes? GE owns NBC still?

Fucking liberals are liars. They are all pieces of American hating shit. They take on both sides of every issue. They deserve zero respect.

Why did the economy go into nosedive? Probably the spending on the war, the increase of the federal budget by more than double, well and above inflation, played a big part. For 8 years instead of promoting business in one way or another, they were doing exactly what is considered to be a non-right wing policy of spending more and more money, and it wasn't really going on much job create, some on wealth creation for big businesses, but even Halliburton came out of the Bush presidency with shares LOWER than when it went it to the Bush presidency. How on earth is that possible.

You're showing unemployment rising under Obama as if because he was in power he's responsible for it. Come off it, we all know that the rise would have happen whoever would have been in office and no matter what policies would have taken place after Jan 2009.

Funny thing is, Bush was spending a fortune on wars and the military, but his Republican Congress were attempting to keep costs down, but were unable to do so. So when the Democrats got in, they didn't seem to have much choice but to increase spending.

Defence spending went from $300 billion in 2001 to $650 billion in 2008. Are you going to blame this on the Democrats? There was a rise in the time they were in power in Congress, for the last 2 years of Bush's time, do you think they could have simply said "no more money"? Bush said they'd pull out of Iraq, Afghanistan was looking at a pull out too. Defence spending is dropping, as you'd expect with a pull out in Iraq, and now Afghanistan you'd expect defense spending to go down. Are the Republicans in Congress now going to try and claim this was their idea to reduce spending, after the Democrats have spent 6 years trying to get it down?

Basically all I see is people trying to use facts to fight the other side without actually trying to find out what's really happening.

 

[ninja007]

Obama- no 9/11, no fannie freddie fallout yet GWB was still miles better.....

Shall we go through the numbers?

no 9/11, no fannie freddie for Barry...

 

[IcebergSlim]

Obama- no 9/11, no fannie freddie fallout yet GWB was still miles better.....

Shall we go through the numbers?

no 9/11, no fannie freddie for Barry...

Well. he did have to deal with a little something people call The Great Recession.

And could you quantify the effects of 9/11 and "fannie freddie"?

 

[IcebergSlim]

the DNC and libs in general remind me of sloppy little kids; they always make a MESS and the responsible people clean it up.

That's funny....Reagan left a massive structural deficit for Poppy and CLinton to clean up........and Scrub?

The less said about that unprecedented disaster, the better.....

Obama's deficits are bigger than any of the other presidents'.

The biggest deficit was FY2009......

That's on Scrub's watch....

 

[IcebergSlim]

Don't forget that Reagan also cut taxes while escalating the cost of the Cold War, which is fiscal insanity.

Were taxes higher or lower when he left office?
Darn, that's two.

Social Security sure wasn't......

And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....

Your point being?

So were taxes higher or lower when Reagan left office?

They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...

Once again, your point being?

Thanks for admitting that Reagan lowered taxes.

Again, your point being?

 

[The Rabbi]

Were taxes higher or lower when he left office?
Darn, that's two.

Social Security sure wasn't......

And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....

Your point being?

So were taxes higher or lower when Reagan left office?

They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...

Once again, your point being?

Thanks for admitting that Reagan lowered taxes.

Again, your point being?

I made it pretty clearly. Thanks for admitting to it, though.

 

[IcebergSlim]

Social Security sure wasn't......

And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....

Your point being?

So were taxes higher or lower when Reagan left office?

They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...

Once again, your point being?

Thanks for admitting that Reagan lowered taxes.

Again, your point being?

I made it pretty clearly. Thanks for admitting to it, though.

You are clearly running from the question.....Man up, Lass!

 

[Menerva Lindsen]

A staggering 15 Trillion in debt for your grand kids to pay off.
But don't worry - total worldwide economic collapse will solve that. Obama won't.
Obama is the greatest spender in the us history.
I hardly believe that his daughters will compensate anything...

 

[NYcarbineer]

Obama- no 9/11, no fannie freddie fallout yet GWB was still miles better.....

Shall we go through the numbers?

no 9/11, no fannie freddie for Barry...

We were in the midst of the 2007 - 2009 recession when Obama took office. Did you miss that somewhere along the way?

 

[NYcarbineer]

A staggering 15 Trillion in debt for your grand kids to pay off.
But don't worry - total worldwide economic collapse will solve that. Obama won't.
Obama is the greatest spender in the us history.
I hardly believe that his daughters will compensate anything...

Obama doesn't spend the money. Most spending by the US government is mandatory, which means it has to be changed by legislation. The rest is discretionary spending, which comes from Congress via appropriations bills.

 

[NYcarbineer]

If anyone feels they can provide more reliable numbers than the source I'm using I'm happy to adjust what I'm posting here. I'm merely pointing out cold hard facts here boys and girls.

For the purposes of this thread Presidential terms are defined as the year in which said President assumed office. Thus, Obama's term is credited with the numbers starting in 2009. GWB's term is credited with the numbers beginning in 2001, etc. Years of Vice Presidential successions are attributed to the individual who was in office for the greater part of the year. Thus, 1963 is credited as Kennedy's last year and 1964 as Johnson's first year. The "change percent" is the percent of the starting debt that the additional debt represents. The "contribution percent" is the percentage of the total ending debt the total change represents.


Obama
Debt 2009 = $11.9 trillion
Debt 2014 = $18.0 trillion

Change dollars = $6.1 trillion
Change percent = 51.2%
Change contribution = 33.9%


George W. Bush
Debt 2008 = $10.0 trillion
Debt 2001 = $5.8 trillion

Change dollars = $4.2 trillion
Change percent = 72.4%
Change contribution = 42.0%


Bill Clinton
Debt 1993 = $4.4 trillion
Debt 2000 = $5.7 trillion

Change dollars = $1.3 trillion
Change percent = 29.5%
Change contribution = 22.8%


George Bush
Debt 1989 = $2.9 trillion
Debt 1992 = $4.1 trillion

Change dollars = $1.2 trillion
Change percent = 41.2%
Change contribution = 29.3%


Ronald Reagan
Debt 1981 = $1.0 trillion
Debt 1988 = $2.6 trillion

Change dollars = $1.6 trillion
Change percent = 160.0%
Change contribution = 61.5%


Jimmy Carter
Debt 1977 = $700 billion
Debt 1980 = $900 billion

Change dollars = $200 billion
Change percent = 28.6%
Change contribution = 22.2%


Gerald Ford
Debt 1975 = $500 billion
Debt 1976 = $600 billion

Change dollars = $100 billion
Change percent = 20.0%
Change contribution = 16.7%


Richard Nixon
Debt 1969 = $354 billion
Debt 1974 = $475 billion

Change dollars = $121 billion
Change percent = 34.2%
Change contribution = 25.5%


Lyndon Johnson
Debt 1964 = $312 billion
Debt 1968 = $348 billion

Change dollars = $36 billion
Change percent = 11.5%
Change contribution = 10.3%


John F Kennedy
Debt 1961 = $306 billion
Debt 1963 = $289 billion

Change dollars = $17 billion
Change percent = 5.9%
Change contribution = 5.6%


Dwight D. Eisenhower
Debt 1953 = $266 billion
Debt 1960 = $286 billion

Change dollars = $20 billion
Change percent = 7.5%
Change contribution = 7.0%


Harry S. Truman
Debt 1945 = $259 billion
Debt 1952 = $259 billion

Change dollars = $0
Change percent = 0%
Change contribution = 0%


Franklin Roosevelt
Debt 1933 = $23 billion
Debt 1944 = $201 billion

Change dollars = $178 billion
Change percent = 773.9%
Change contribution = 88.6%


Herbert Hoover
Debt 1932 = $19 billion
Debt 1929 = $17 billion

Change dollars = $2 billion
Change percent = 11.8%
Change contribution = 10.5%

I looked at it in 2009 dollars. All data comes from here.

Here's what the total federal public debt and percent increase looks like if the President is responsible for the fiscal year in which he is elected, i.e. Obama is responsible for all of fiscal year 2009 budget even though the fiscal year started on October 1 2008, before he was elected.

Hoover --> $80B, 45%
FDR --> $1.78T, 688%
Truman --> -$304B, -15%
Kennedy/LBJ --> -$68B, -4%
Nixon/Ford --> $114B, 6%
Carter --> $320B, 17%
Reagan --> $2.14T, 105%
Bush I --> $1.75T, 42%
Clinton --> $1.21T, 21%
Bush II --> $3.19T, 46%
Obama --> $6.47T, 64%
Obama (projected to 2016) --> $7.41T, 74%

Here's what it looks like if you average the fiscal year budgets for the calendar year in which the President is elected, i.e. Obama was inaugurated on January 20 2009, so we allocate half the increase in debt in fiscal year 2009 to Obama.

Hoover --> $108B, 62%
FDR --> $2.00T, 708%
Truman --> -$538B, -24%
Kennedy/LBJ --> -$83B, -5%
Nixon/Ford --> $217B, 12%
Carter --> $93B, 5%
Reagan --> $2.27T, 111%
Bush I --> $1.52T, 35%
Clinton --> $1.04T, 18%
Bush II --> $4.09T, 59%
Obama --> $6.10T, 56%
Obama (projected to 2016/17) --> $6.66T, 61%

By the time he leaves office, the growth of debt under Obama will be the second highest since WWII. However, debt built up faster under Reagan than it did under Obama.

Hi canada. Why don't you tell us what Reagan spent on as compared to what Obama does. Not relevant, eh canada?

You even know what the cold war was, or do you think that was all another American myth? You have any idea what the arms race was? Tell us all about it canada.

You have any clue about the space race and what was spent on that?

You fucking liberals. I am here to remind you of the epic failure of the left wing dream. The destruction of the USSR and Marxism not even lasting one hundred year. NOT EVEN ONE HUNDRED FUCKING YEARS.

Yes, canada. Stats are like bikinis. What they reveal is suggestive, what they conceal is vital. I will be waiting for to tell me about the arms race, and I will be waiting for the hippies to tell us how unnecessary a strong military or mass military spending was during the 80s.

The point is, canadian socialist, canada really benefits from our Monroe doctrine even today. I think we ought to force canada to contribute to our military.

Then again, canada does have the canadian snowbirds.



Check em out everyone. The canadian airforce. <snicker>

The "canadian airforce."

You are beholden to many myths, Citizen.....

Oh here we go. Let us just leave out the factors that are significant. You think what money is spent on is irrelevant? You stupid ignorant fuckingmoronic socialist piece of elitist shit.

Yeah, I have seen you pieces of socialist shit claim the nuclear arms race had nothing to do with anything. Yeah you piles of socialist moronic shit try to claim the space race nor the arms race contributed to the epic failure known as marxism.

You are a fucking moron. You have nothing.

It is not that money is spent, it is also what the money is spent on.

You fucking ape. Give us your hippy left wing math on how and why the economy took a nose dive a year after the democrats took over the purse strings in 2007.

Your half baked socialist dreck only proves you are nothing but marxist propaganda.

You think you are smart too. How pathetic.

Whoa, steady on Nobs. No need for a meltdown.

 

[NYcarbineer]

Since Obama Took Office, the Federal Debt Has Increased by Almost 70 Percent
Michael Sargent / December 03, 2014 / 81 comments

The federal government hit a new milestone Friday: The total federal debt now tallies more than $18 trillion.

Just six years ago when President Obama took office, total debt stood at $10.6 trillion, which means it now has increased by almost $8 trillion—roughly 70 percent—during his tenure as president.

Since Obama Took Office the Federal Debt Has Increased by Almost 70 Percent

In the course of Reagan's two terms the gross debt nearly tripled....within a few years of his departure, his fiscal legacy had generated a 4 bagger....

Obama's deficits are bigger than Reagan's entire budget!
Reagan's time is remembered rightly as a time of great prosperity and growth.
Obama's time is remembered as a time of stagnation and decay.

Reagan had a 16 month recession in his first term that started 6 months AFTER he took office.

Yes he did. It was teh result of the Fed raising rates to unparalleled levels to wring out the inflation caused by Reagan's predecessors. It was successful and when he left office both inflation and unemployment were much less.
Boy do you look stupid, uh?

Oh so now you admit that it wasn't actually Reagan's policies that brought about the eventual expansion in the 80's?

Good for you.

The Fed policy that you are attributing the recession to reversed in 1982, and that's when the expansion began.

Finally a RWnut sees the truth in something I've been pointing out for years. Reagan didn't do it.

 

[Siete]

Since Obama Took Office, the Federal Debt Has Increased by Almost 70 Percent
Michael Sargent / December 03, 2014 / 81 comments

The federal government hit a new milestone Friday: The total federal debt now tallies more than $18 trillion.

Just six years ago when President Obama took office, total debt stood at $10.6 trillion, which means it now has increased by almost $8 trillion—roughly 70 percent—during his tenure as president.

Since Obama Took Office the Federal Debt Has Increased by Almost 70 Percent

In the course of Reagan's two terms the gross debt nearly tripled....within a few years of his departure, his fiscal legacy had generated a 4 bagger....

Obama's deficits are bigger than Reagan's entire budget!
Reagan's time is remembered rightly as a time of great prosperity and growth.
Obama's time is remembered as a time of stagnation and decay.

Reagan had a 16 month recession in his first term that started 6 months AFTER he took office.

Yes he did. It was teh result of the Fed raising rates to unparalleled levels to wring out the inflation caused by Reagan's predecessors. It was successful and when he left office both inflation and unemployment were much less.
Boy do you look stupid, uh?

Oh so now you admit that it wasn't actually Reagan's policies that brought about the eventual expansion in the 80's?

Good for you.

The Fed policy that you are attributing the recession to reversed in 1982, and that's when the expansion began.

Finally a RWnut sees the truth in something I've been pointing out for years. Reagan didn't do it.

RW sees truth .. must be ice on the gates of hell ..

 

[NYcarbineer]

In the course of Reagan's two terms the gross debt nearly tripled....within a few years of his departure, his fiscal legacy had generated a 4 bagger....

Obama's deficits are bigger than Reagan's entire budget!
Reagan's time is remembered rightly as a time of great prosperity and growth.
Obama's time is remembered as a time of stagnation and decay.

Reagan had a 16 month recession in his first term that started 6 months AFTER he took office.

Yes he did. It was teh result of the Fed raising rates to unparalleled levels to wring out the inflation caused by Reagan's predecessors. It was successful and when he left office both inflation and unemployment were much less.
Boy do you look stupid, uh?

Oh so now you admit that it wasn't actually Reagan's policies that brought about the eventual expansion in the 80's?

Good for you.

The Fed policy that you are attributing the recession to reversed in 1982, and that's when the expansion began.

Finally a RWnut sees the truth in something I've been pointing out for years. Reagan didn't do it.

RW sees truth .. must be ice on the gates of hell ..

Oh, he'll be back to deny it, after he realizes he stepped in it, he'll be back to claim that Volcker caused the recession but Reagan got us out of it.

Which will be bullshit, but then again, Rabbi is a bullshit factory.

 

[IcebergSlim]

A staggering 15 Trillion in debt for your grand kids to pay off.
But don't worry - total worldwide economic collapse will solve that. Obama won't.
Obama is the greatest spender in the us history.
I hardly believe that his daughters will compensate anything...

Do you understand what the slope of the line indicates?