| | | "BIDEN DID THAT!"
I think all presidents in the last 50 years had their record-setting moments. Trump added $8B to it. Former RW superhero Raygun tripled it.
US Debt by President | Chart & Per President Deficit | Self.
Data & Guides MoneyU.S. National Debt by President
The National Debt, standing at $33.1 trillion as of September 2023, is a number that for most of us is too high to even conceive of. Through time, National Debt has continued to climb, from President to President, as a result of decision making and events that have fallen both within and outside of the White House's control that have increased the budget deficit.
This article will dive into how much each President has contributed to National Debt, the types of decisions they make that impact debt levels the most and the events that have shaped America’s economic reality throughout history.
Key Stats:- National debt during Joe Biden’s presidency has increased by $4.7 trillion since he took office, an increase of 16.67% as of September 2023.
- During Donald Trump’s whole presidency, the U.S. national debt increased by $8.18 trillion, a percentage increase of 40.43%. This is less than Barack Obama (69.98%) and George W. Bush (105.8%). However, Donald Trump was in office for only 4 years compared to 8 years for both Barack Obama and George W. Bush.To tackle the COVID-19 pandemic, national debt was increased by a further 18.01% totaling $4.25 trillion in additional debt from March 2020 to Jan 2021.
- Abraham Lincoln’s years in the Oval Office saw the largest percentage increase in National Debt under any President, increasing 2859% overall
- However, Martin Van Buren is the President who spent the most consistently with average yearly debt increasing 375.32% compared to Lincoln’s 148.36%
- Woodrow Wilson, who was President during World War 1, oversaw an increase of 722.21% (averaging 35% increase per year in office)
- Franklin D. Roosevelt, in office between 1933 - 1945, increased National Debt by 1047.73% (24% increase per year on average)
- Of the 45 Presidents, only 14 of them have overseen a decrease in debt. Calvin Coolidge was the last President to do so, leaving office in 1929, 15 Presidencies ago
- Andrew Jackson is the President who decreased National Debt the most, nearly eradicating it completely between 1829 - 1837 by reducing the total by -99.42%
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