Some historical context in discussing the federal debt
Some historical context in discussing the federal debt.
When Bill Clinton was president, the national debt rose by an annual average of $193 billion; when the profligate George W. Bush was in the White House, the yearly debt increases averaged $612 billion. On Obamaโs watch, by contrast, the federal debt has been skyrocketing by more than $1.5 trillion per year. It took 40 presidents and nearly two centuries, from George Washington to Ronald Reagan , for the US government to accumulate $1.5 trillion in indebtedness. The 44th president – aided and abetted by Congress – enlarges the federal debt by that amount every 12 months.


