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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (32634)2/13/2009 4:32:02 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
The evidence would seem to argue against such a statement.

My reasoning:
Message 25409714

The actual government data, (the 'track record'):

How much the REAL U.S. Federal Debt went up, or went down, under these Presidents... the ones who were President during most of our lives. ("Real Debt" means the national debt in Dollars, adjusted for inflation, and measured as a percentage of the Gross National Product - G.N.P. - of the United States. The way most economists prefer to look at a nation's debt.)


Up:
Increase in Real National Debt during George W. Bush two term Presidency, (final year's number not official yet):
2001 - 2009. National Debt went up big again under the younger Bush. Increased by an estimated 10.8%.

Down:
Decrease in National Debt during the two terms of the Clinton Presidency:
1993 - 2001. National Debt went down under Clinton. Decrease in debt was -8.8%.

Up:
Increase during H.W. Bush Presidency (single four year term):
1989 - 1993. National debt increased at an even faster annual rate under H.W. Bush's single four years. Increase was 13.1%.

Up:
Increase in National Debt during the eight years of the Reagan/Bush Presidency:
1981 - 1989. Real National Debt hugely increased during the Reagan/Bush two terms. Debt increased by 20.5%.

Down:
1977 - 1981. Carter (single term). Debt decrease was -3.2%.

Down:
1969 - 1977. Nixon/Ford (two terms). Decrease in national debt. -2.8%.

Down:
1961 - 1969. Kennedy and Johnson (two terms). Decrease was -16.5%.

Down:
1953 - 1961. Eisenhower (two terms). Decrease -16.2%.

Down:
1949 - 1953. Truman (one term). Decrease -21.9%.

Down:
1945 - 1949. Roosevelt/Truman (one term). Decrease -24.3%.

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DATA SOURCE: the official budget for the United States of America for 2009. The data is listed in the "historical tables" included in the U.S.'s fiscal year 2009 Budget.

Here it is (PDF):
whitehouse.gov

An encyclopedia article about this is here:
en.wikipedia.org
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