This is the CORRECT way to measure debt accumulation.
Not exactly. You're drawing a false conclusion by using percentages. The total amount of debt is what you need to go by.
Obama has increased the debt much more than Bush. Bush added $5 trillion in 8 years and so far Obama has added just under $8 trillion with two years left to go. No comparison.
Wait until Obama is gone before you start drawing comparisons. Mkay???
No. The total only tells one story. Debt to GDP tells another. And growth rate from one administration to another, which is the measurement being discussed on this thread, is a third way to measure it. In 1945, the debt was 248 Billion. Doesn't sound like a lot in today's terms but it was 116% of the 1945 GDP.
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If you want to talk about growth ... then fine. Growth under Bush averaged around 4%. Under Obama it's been either negative growth or less than 2%. Only the last month because of the collapse of energy costs has growth been up to Bush levels. The cost of fuel is way down ... no thanks to Obama ... and that is what is driving growth right now.
I remember not long ago you guys on the left saying low gas prices was an indication of a poor economy. We all know that is BS.
No. You missed the point.
Growth rate of the debt itself.
If I, guy no. 1, as a president, start my administration with a debt of 1,000 dollars and end it with a debt of 6,000 dollars,
then that is a 600% DEBT growth rate.
If the next guy, guy no. 2, starts with the 6,000 dollars in debt that I left him and adds another 6,000 dollars to the pile, making 12,000 dollars,
that is a 100% growth rate for his administration. Same amount added to the debt, lower growth rate because the pile was higher to begin with. If the next guy starts where guy no. 2 ends, at 12,000 dollars, and adds again 6,000 dollars to the pile, making 18,000 dollars,
that is now a 50% growth rate for guy no. 3. Same amount added to the pile, but again, the pile was considerable larger to begin with. At the same time, those piles have all been charging interest, since they are debt piles. So, when guy no. 2 starts with 12,000 dollars in debt, he is already paying 12 times as much interest - at least - as guy 1 was at the beginning.
Now, let's put that into perspective.
In general terms, every president up to GWB 43 is "guy no. 1". GWB is "guy no.2. And BHO is "guy no. 3".
It's really that simple