Sunday, March 7, 2010

Back To The Debt

>>"The GOP ran up $10 trillion in debt during the Reagan and Bush years."

That's twenty years across three presidential administrations. I looked up the numbers.

Reagan, 80-88, added $1.7 trillion to the public debt.
Bush 41, 88-92, added $1.4 trillion to the public debt.
Bush 43, 2000-2008, added $4 trillion to the public debt.

Total of $7.1 trillion not $10 trillion.

$7.1 trillion into 20 years is only an average of $350 billion in debt each year.

Obama will probably add around $6 to 8 trillion in four years, for an average of well over a trillion in new debt each year. Even adjusting for inflation, Obama's deficit numbers are no improvement.

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