fed Debt includes obnoxious War debt that is killing US... round off!<quoted text>
A closer look shows that, according to figures from the Tax Policy Center, President Bush ran a deficit for all but the first year of his administration. As a percentage of GDP, Bush’s average deficit was about 2 percent. In dollars, Bush averaged deficits of about $251 billion per year. In contrast, in President Obama’s three years, he has averaged deficits of more than nine percent. In each year of his administration, the federal deficit has been more than $1 trillion. Obama’s average deficit in dollars was $1.33 trillion.
When viewing the data from the Tax Policy Center, it is easy to see why deficits increased so rapidly under President Obama. Even as President Obama was increasing federal spending with his various attempts at stimulus, tax revenues were falling due to the recession. Since spending increased at the same time that the government was taking in less money, the difference had to be made up in borrowing.
Borrowing leads to an increasing federal debt. It is true that the debt increased dramatically under George W. Bush. On January 1, 2001, just before President Bush took office, the federal debt stood at $5.6 trillion according to U.S. Treasury figures. When he left office on January 20, 2009, the debt stood at $10.6 trillion, an increase of almost five trillion dollars. As of June 1, 2012, the federal debt was at $15.7 trillion, an increase of $5.1 trillion. The federal debt has increased by as much under President Obama in three years as it did under Bush in eight. CNS News noted in October 2011 that President Obama had added more debt than all other presidents from George Washington to George Herbert Walker Bush.
Reagan $500 million to 2 trillion
Bush Senior 2 trillion to 5 trillion (War criminal
Bush Junior 6 trillion to 10 trillion (War Crimonal
carter 200 million
Clinton $ 1 trillion
Obama 10 trillion to 15 trillion (1 term) Following In bushjr Warmongering policy .