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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (496387)7/19/2009 7:03:10 PM
From: longnshort  Read Replies (1) | Respond to of 1572970
 
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



To: J_F_Shepard who wrote (496387)7/19/2009 8:52:19 PM
From: i-node  Read Replies (1) | Respond to of 1572970
 
One week before leaving office, Bush asked Congress for the remaining $350 billion of the $700 billion Wall Street Troubled Assets Relief Program or TARP bailout package.

As I recall, Obama was in on the second $350B, and Bush simply requested it as an accommodation for Obama.


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