Quote:
Originally Posted by theking
President Reagan: 32.5% of GDP to 53.1%
President Bush Senior: Took it to 66.1% of GDP
President Clinton: Reduced it to 56.4% of GDP
President Bush Jr: Took it to 83.4% of GDP
President Obama: Came into office with it being 83.4% of GDP
It is yet to be known what it percentage of the GDP will be when he leaves office.
It does not make alot of difference who is in the majority in the House and Senate as the President can veto any spending bill that he chooses to and usually the Senate cannot get enough votes to override a veto. Thus ultimately the buck stops with the President...not the Congress.
As you can see under Republican administrations the debt went from 32.5% of GDP to 83.4% of GDP...and no President Obama has not reached this almost 52% in increase to GDP.
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dear troll, presidents do not veto budgets except in extreme cases because congress and the senate are supposedly the will of the people.
post your idiot half facts all day.
Clinton didn't reduce shit, the republican congress did.
at an increase of $3trillion, obama has in two years, surpassed every other president who's had 4 or 8 years.
you're idiocy truly knows no bounds.