Interesting Chart of Debt Ratio By US Presidents

For all my "teabag mafia" friends screaming about the current debt ratio, here is a look back at all the administrations since Johnson. Notice that the highest debt ratio happened under Reagan and Bush I.

Under Johnson, Nixon, and Carter each dollar of debt spent returned an increasing rate of GDP growth. Under Reagan and Bush-1, the situation reversed - they spent debt at a far greater rate than GDP grew. Clinton heeded warnings and tried to cut back on debt. This caused the economy to slow and contributed to a dangerous recession in 2001. The government panicked and national debt doubled under Bush II.



Debt ratio's were lowest in the late 70's under Jimmy Carter and rose every year until 1995 when the Clinton Administration took steps to begin lowering it. The ratio trended downward until 2001 when the first Bush Administrations first budget was implemented. The debt ratio has been rising for the last 8 years.

Here is the link to the full article http://thomasnogales.com/US-Debt-Nowhere-to-Hide.htm