and more recently the debt doubled during the George W. Bush presidency, and is projected to double again under the Obama presidency to a level equal to the GDP.
Year Gross Debt in Billions [10] as % of GDP
1910 2.6 n/a
1920 25.9 n/a
1930 16.2 n/a
1940 43.0 52.4
1950 257.4 94.1
1960 290.5 56.1
1970 380.9 37.6
1980 909.0 33.3
1990 3,206.3 55.9
2000 5,628.7 58.0
2001 5,769.9 57.4
2002 6,198.4 59.7
2003 6,760.0 62.5
2004 7,354.7 64.0
2005 7,905.3 64.6
2006 8,451.4 64.9
2007 8,950.7 65.5
2008 9,985.8 70.2
2009 (est.) 12,867.5 90.4
2010 (est.) 14,456.3 98.1
2011 (est.) 15,673.9 101.1
2012 (est.) 16,565.7 100.6
2013 (est.) 17,440.2 99.7
2014 (est.) 18,350.0 99.9 |
