Monday, September 19

71% of national debt happened during GOP presidencies; 28% under Dem presidents

GOP Presidents Dem Presidents
$9.5 trillion           $3.8 trillion

Total debt is $14.3 trillion.
$1 trillion of debt comes from before Reagan (NYT doesn't make clear who created that debt).
$13.3 trillion accumulated from Reagan to Obama.

71% of the $13.3 trillion was under GOP presidents.
28% of the $13.3 trillion was under Dem presidents.

(Source: NYT pieced together data from Treasury, OMB, Federal Reserve Bank of NY, and more)

It should also be mentioned that the dems are not always the best, they are not "pure as the driven snow" and have their fair share of blame. it is just interesting to note how the GOP has become the party of "strong fiscal policy" when I have a hard time seeing that through.