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Old 07-21-2019, 09:00 PM   #17960
Edward64
Head Coach
 
Join Date: Oct 2005
According to below, no deficit but debt grew. Read in another article that the debt in these nos. may not include SS as there is "political math" going on. So ultimately, worse than actually indicated below.

(We truly are screwed)

https://www.debtconsolidation.com/us-debt-presidents/
Quote:
Raised Taxes And Cut Spending
Only president since 1980 to not have a deficit
Decreased military spending following the Cold War
New taxes fueled by the Dot Com Bubble increased revenue
:
:
GDP And Debt
Increased debt from $4.4 trillion to $5.8 trillion
Though the debt grew by 32%, it was a lower percentage of GDP
The debt-to-GDP ratio decreased from 62% to 54%

Last edited by Edward64 : 07-21-2019 at 09:01 PM.
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