Us Debt When Bush Left Office

Ignoring the fact that he actually started his presidency with a surplus bush left office in 2009 with a federal.

Us debt when bush left office. For example 8 588 trillion was added to the national debt under obama. To put that into perspective when president george w. Bush took office our national debt was 5 768 trillion.

Similarly president bush s stated budget deficits totaled 3 293 trillion. Bush had left the white house but it was the next guy who picked up the tab. For bush the debt grew by 20 through the same date and ended up swelling by 36 at the end of fiscal 2008.

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. President obama is the second worst president in this category with public debt at 74 1 percent. Fy 2009 1 632 trillion.

Because during a president s first year in office he doesn t control the debt. Yes that s george bush ii. When bush took office in january 2001 the debt was roughly 5 7 trillion.

By the time bush left office it had nearly doubled to 10 626 trillion. This was bush s deficit without the impact of the economic stimulus act. He inherits his predecessor s budget.

George w bush 43 took it from 0 to 1 2 trillion this is in the ballpark. Public debt as a share of gdp was at 95 7 percent in 1944 his last full calendar year in office. But his total budget deficits totaled 6 781 trillion.