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The change in America's debt by presidential term
- argonaut 14y agoInteresting. It seems that only Truman's debt-cutting is responsible for 'outweighing' Obama's dramatic increase in the debt (relative to GDP). Even Reagan and Clinton increased debt relative to GDP. That being said, this definitely over-represents the increase in debt when a president increases the absolute debt while the economy shrinks/stagnates, and vice versa.
- Tagbert 14y agoMy understanding of the recent debt is that it is caused less by increased spending and more by a dramatic drop in revenue because of the economic collapse since 2008.
- robotico 14y agoPretty sickening. 90% top tax rate though - that's pretty ridiculous.
- gizmo686 14y agoEyeballing the chart, it looks like the debt change was following its own function irrespective of the president.
- trevelyan 14y agoThe ordering is not chronological.