Posts Tagged national debt
From Reagan (1980) through first two years of Bush I, 1990, our public debt grew by 300% from $930.2 billion to $3.233 trillion. After two more years of Bush and eight of Clinton, the debt grew 50% to $5.674 trillion and we were left with a decent economy and a $559 billion budget surplus.
In only eight years George W. Bush has doubled the debt to 11 trillion debt, and left us with the "Oh, by far…the worse I’ve ever seen" – Alan Greenspan.
It should be noted that Alan Greenspan was including The Great Depression in that statement.