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By 2006 he should have known better.
National debt when bush left office. Bush and during the 2009 fiscal year it created a 1 16 trillion deficit. Yes that s george bush ii. Congressional budget office.
Fy 2009 1 632 trillion. The debt surged by 41 in obama s first 1 012 days in office ultimately ballooning by. By the time bush left office it had nearly doubled to 10 626 trillion.
To put that into perspective when president george w. For bush the debt grew by 20 through the same date and ended up swelling by 36 at the end of fiscal 2008. George w bush 43 took it from 0 to 1 2 trillion this is in the ballpark.
On the day president bush took office the national debt stood at 5 727 trillion. The latest number from the treasury department shows the national debt now stands at more than 9 849 trillion. Bush took office our national debt was 5 768 trillion.
Government runs deficits of 4 or greater of. One month after taking office in 2001 with a plan to cut taxes he said he would retire nearly 1 trillion in debt over the next four years. Added 5 849 trillion a 101 increase from the 5 8 trillion debt at the end of clinton s last budget fy 2001.
Public debt as a share of gdp was at 95 7 percent in 1944 his last full calendar year in office. Federal debt could hit 100 of gdp in 2030 and 180 in 2050. Ignoring the fact that he actually started his presidency with a surplus bush left office in 2009 with a federal.
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