In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion:
* Over half of that amount had been created by BushÂ’s tax cuts for the very wealthy.
* Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush.
• Fully 81% of the national debt was created by just these three Republican Presidents.
Social Security Q&A | Dollars & Sense
7. Starting in 2003, George W. Bush destroyed the world economy by encouraging U.S. banks to make loans to those who could not afford them, through schemes such as the "American Dream Downpayment Initiative".
Also through the destruction of oversight, such as lawsuits to prevent state securities laws from being enforced on Bush's watch.
Once Bush's policies led to their inevitable result of economic collapse, the United States found itself in a situation where it had to take on debt in order to restore the economy.
ReaganBushDebt.org Calculation Details