Government Debt By President, Despite His Pre Election Hype Trump S Piling On The Debt As President The Washington Post

When he left the white house on january 20 2017 it was 19947 trillion.

Government budget. Debt in billions rounded debt to gdp ratio major events by presidential term. Dust bowl drought raged. But the biggest cost was world war ii.

President carter along with a democrat controlled congress presided over a 441 increase in the national debt. The new deal cost billions. The biggest federal deficit on record is 1412700000000.

Tax hikes renewed depression. Daily debt numbers arent available before 1993 we havent used that measurement to compare the presidents since 1981. The math that seems simple.

New deal increased gdp debt. For instance on the day that barack obama was sworn injanuary 20 2009the debt was 10626 trillion. It added 209 billion to the debt between 1942 and 1945.

From january 20 2017. Breaking down each presidents debt spending the treasury has tracked the daily accumulation of debt since january 1993 when president bill clinton was in the white house. National debt has ballooned under the administration of president donald trump increasing by nearly 7 trillion in less than four years.

Debt held by the public reached a high of 495 of gdp at the beginning of president clinton s first term. The office of management and budget provides the official numbers on debt for the us. The great depression took an enormous bite out of revenues.

The current level of the national debt as of june 2020 is 2647724100 million dollars. Although he only added 236 billion this was a 1048 increase from the 23 billion debt level left by president herbert hoover. From 1940 to the end of year 2015 the latest figures available as of the writing of this article the average increase in the federal debt was 93 under a democratic president and 79 under a republican president when including world war ii.

Trump took office in january 2017 after promising. The national debt almost tripled during during the reagan administration slowed considerably during clintons time in office and rose more gradually during the administrations of gw bush and obama. Bush was president for about a third of the 2009 fiscal year and democrat barack obama took office and was president for the remaining two thirds.

Below are several charts and pieces of information on us.