Debt can not be measured by absolute numbers. The Dollar was 9-10 times more worth in the early 60-ies than today."Huh oh"!
This post was edited for brevity ...all factual information was left intact...
All Federal debt has to be seen as a percentage of GDP.
Under this viewpoint, every Democratic President in the past 45 years has added less to the Federal debt than any Republicans President.
Carter: Added $ 288 billion to Federal Debt. A decrease of only 3.3% Read More... debt/GDP
Reagan: almost tripled Federal debt . Added a 35% debt-increase debt/GDP.
Bush I.: Increased debt by $1.5 trillion in 4 years (more than C|Int0n in 2 terms). 13% increase debt/GDP
C|Int0n: balanced budget. Decrease of 9.7% debt/GDP.
Bush II.: Doubled Federal Debt (from $ 5.8 trillion to $11.8 trillion (including 2009). i.e. 25.3 increase debt/GDP
Obama: Added 10.3% debt/GDP, which is still better than Reagan, Bush I. and Bush II.
The Bush tax-discounts for billionaires (passed in 2001 and 2003) have added about $ 4 trillion to the Federal debt by now, without creating one single job. Unemployment was 5.8% in January 2001, but was 7.8% in January 2009, when Bush left, so it almost doubled under Bush, and was skyrocketing when Obama came in. The two unfunded wars added another $ 4 trillion to our debt. So half of our current debt is directly related to the last President.
The very same people that are responsible for 75% of our Federal debt are now threatening to let the country default on the debt they themselves raked up! Obama reversed this trend.
Unemployment is at Bush-levels right now (7.8%), but going down.
The deficit is getting smaller, despite the recession.
If we can get rid of all Republican majorities in 2014, all will be well.