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      01-29-2010, 08:05 PM   #25
whathappened
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From http://en.wikipedia.org/wiki/Nationa...idential_terms


This table lists the gross U.S. federal debt[1] as a percentage of GDP by Presidential term since World War II.[2] The gross federal debt as a percentage of GDP is currently the highest it has been in 59 years, reaching levels last seen in 1951 after World War II.

(Green is lowering the debt relative to GDP, and Red is raising the debt relative to GDP)

U.S. president ↓ Party ↓ Term years ↓ Start debt/GDP* ↓ End debt/GDP* ↓ Increase debt ($T) ↓ Increase debt/GDP ↓
Roosevelt/Truman D 1945-1948 117.5% 93.2% 0.05 -24.3%
Truman Harry Truman D 1949-1953 93.2% 71.3% 0.01 -21.9%
Eisenhower1 Dwight Eisenhower R 1953-1957 71.3% 60.5% 0.01 -10.8%
Eisenhower2 Dwight Eisenhower R 1957-1961 61.5% 55.1% 0.02 -5.4%
Kennedy/Johnson D 1961-1965 55.1% 46.9% 0.03 -8.2%
Johnson Lyndon Johnson D 1965-1969 46.9% 38.6% 0.05 -8.3%
Nixon1 Richard Nixon R 1969-1973 38.6% 35.7% 0.07 -2.9%

Nixon2 Nixon/Ford R 1973-1977 35.7% 35.8% 0.19 +0.1%
Carter Jimmy Carter D 1977-1981 35.8% 32.6% 0.18 -3.2%
Reagan1 Ronald Reagan R 1981-1985 32.6% 43.9% 0.65 +11.3%
Reagan2 Ronald Reagan R 1985-1989 43.9% 53.1% 1.04 +9.2%
Bush GHW George H. W. Bush R 1989-1993 53.1% 66.2% 1.40 +13.1%

Clinton1 Bill Clinton D 1993-1997 66.2% 65.6% 1.12 -0.6%
Clinton2 Bill Clinton D 1997-2001 65.6% 57.4% 0.42 -8.2%

Bush GW1 George W. Bush R 2001-2005 57.4% 64.3% 1.88 +6.9%
Bush GW2 George W. Bush R 2005-2009 64.3% 75.5% 3.02 +11.2%

Obama1 Barack Obama D 2009-Present 75.5% TBD TBD TBD

Notes:

* In the United States, the federal budget is proposed by the President, then possibly modified by the House and Senate before approval or veto by the President.

* By tenure, the largest increases in gross debt relative to GDP occurred under George H.W. Bush (+13.1%), George W. Bush (+18.1%), and Ronald Reagan (+20.5%).
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