Sunday, June 26, 2011

Who's Who on U.S. Debt

Some numbers to put the US debt in perspective, if you're going to hold presidents solely accountable for it:

If you assume that a president isn't responsible for the first year of debt under his administration, but is responsible for the first year following his administration, then total debt under Bush was up 108%. For Obama, so far, up 16%. Or,

For Bush, up 14 percentage points per year.
For Obama, up 11 percentage points per year.

Finally: Increase in total debt in the last 3 months: only $135B.

Numbers from US Dept of Treasury.

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