Wednesday, September 07, 2011

who owns the 2011 debt?

Jan. 20,1993 End of H.W. Bush Sr. and start of Clinton. Debt = $4.188 trillion.
Jan. 19,2001 End of Clinton start of G.W. Bush. Debt = $5.728 trillion.
Jan. 20, 2009 End of G.W. Bush start of Obama. Debt = $10.627 trillion
April 20, 2011. Debt= $14.288 trillion.

As anyone can see Debt went up 86 percent under G.W. Bush and only 37 percent under Clinton and 34 percent under Obama. Republicans own the debt.

To be fair most of Clinton's debt was caused by policy of H.W. Bush.. Clinton also
had a balanced budget for two years and Clinton used "pay Go" all of his new spending request were sent to Congress with cuts he would use to pay for his spending.

G.W. Bush did not use "pay Go" and all of his spending went directly into debt. G.W. Bush also passed a tax cut for the wealthy which was not paid for and went into debt.
All of the cost of the Iraq invasion also went into debt.

Republicans own the debt. Source= C.B.O.

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