Beginning with Ronald Reagan, which Party has added the most to the Federal Debt?
The Tax and Spend Party
The Conservative Small Government Party
|President||Years||Party||Addition to Federal Debt||Significant Events|
|Donald Trump||2016-2020||Republican||$7.8 Trillion||Covid 19 pandemic|
|Barack Obama||2008-2016||Democrat||$8.59 Trillion||The 2008 financial meltdown|
|George H. Bush||2002-2008||Republican||$5.85 Trillion||The Iraq War|
|William Clinton||1994-2001||Democrat||$1.4 Trillion|
|George H.W. Bush||1990-1994||Republican||$1.55 Trillion|
|Ronald Reagan||1982-1990||Republican||$1.86 Trillion|
Democratic $9.9 Trillion. Republican $17.06 Trillion
Every President before Reagan added just billions to the Debt.
(Carter $299 billion)-
( Ford $244 billion)-
( Nixon $121 billion)
(LBJ. $42 billion)-
(JFK $23 billion)-
( Eisenhower $23 billion)-
(Truman $7 billion)
Two presidents even lowered the Federal Debt, Calvin Coolidge by $5 billion, and Warren Harding by $1.6 billion.
There are many reasons for the debt totals, recessions, wars, the first year of any president’s budget was written by the departing president. Inflation is a factor, how much did the debt go up percentage-wise.
But I think both parties are pretty good spenders.
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