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Reply #7: well it is the biggest straight increase
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hfojvt
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Tue Jul-12-11 03:47 PM
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7. well it is the biggest straight increase |
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but not the biggest as a percentage. A mere 71.9% for Bush. What a piker. Under Reagan it went from $998 billion to $2.6 trillion and that doesn't even count Reagan's first 8 months in office nor his last 4 months. That's a 161% increase under 8 years of Reagan. Four years later it was $4.06 trillion, a 56% increase in just 4 years. 8 years later it was $5.67 trillion, a mere 40% increase over 8 years.
So the annual rate of debt increase was 20% under Reagan 14% under Bush Sr. 9% under Bush Jr. 5% under Clinton
Not to mention that our current deficit problems have three major sources
1. The Bush tax cuts 2. The Bush wars 3. The Bush recession
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