National Debt

A couple of facts I excerpted from a article I was reading on the national debt crisis.

When Ronald Reagan took office, the U.S. national debt was just under $1 trillion. When he left office, it was $2.6 trillion. During the eight Reagan years, the US moved from being the world's largest international creditor to the largest debtor nation.

The U.S. national debt has more than doubled since the year 2000.

Under President Bush: At the end of calendar year 2000, the debt stood at $5.629 trillion. Eight years later, the federal debt stood at $9.986 trillion.

Under President Obama: The debt started at $9.986 trillion and escalated to $15.3 trillion, a 53 percent increase over three years.

:head_on_wall::head_on_wall:

 

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