Facts actually matter.
From the end of WWII until Reagan, every full term President managed to reduce our gross national debt ("ND") as a % of GDP ("ND/GDP"), from over 115% in 1945 to just under 34% when Reagan took office. By the time Reagan left office, ND/GDP had increase 50% (to 54% of GDP), and ND in nominal (not adjusted for inflation) dollars had nearly TRIPLED.
And again, EVERY 4 year president since the end of WWII had reduced ND/GDP.
Then HWBush came along and increased ND/GDP by 23% (from 54% of GDP to 63%), while adding 50% to the nominal ND in just 4 years! That was STILL a lot better than Reagan did, but historically speaking, it was a nightmare.
Clinton (after Dems and HWBush started cutting spending as a % of GDP, and Dems raised taxes in 1993 (with ZERO GOP votes), and the economy boomed) "only increased the the nominal debt by 35%, while actually DECREASING ND/GDP from 67% to 57%. And about 75% of the nominal debt added was from paying the interest on the Reagan and Bush debt!
Clinton left FOUR YEARS of budgets that were in "primary balance", and the CBO projecting that we could have our $5.8 trillion ND paid off by 2012.
And then W came along. Four years of "balanced" budgets turned into EIGHT YEARS of deficits, and a more than DOUBLING of the ND. In W's last two budget years, (FY 2008-2009), our gross ND increased by $2.8 TRILLION dollars! When Bush's first budget took effect, our ND was $5.8 T and ND/GDP was 57%. And don't forget, Republicans controlled BOTH HOUSES of Congress....as they had since Jan 1995....and as they would until Jan 2007.
By the time Bush's last budget expired, ND was $11.9 T, and ND/GDP was over 85%!! That's an increase over MORE than 105% (nominal), and 50% (ND/GDP).
And remember, that's after inheriting FOUR YEARS of "balanced" budgets AND Republicans controlling BOTH HOUSES of Congress since 1995 (and they'd hold that majority until 2007).
Since then, under Obama, we've added just over 40% to the ND in just over 3.5 years ($11.9 T to $16.8 T). That's a SLOWER rate than both Bushes OR Reagan!
In 2009, the deficit was $1.4 trillion/10.1% of GDP.
In 2013 it’s projected to be $845 billion/5.3%. Those are decreases of 39.6% and 47.5%, respectively. Not quite the 50% reduction that the President promised in 2009, but pretty darn close!
And here's the kicker: In terms of either inflation adjusted dollars OR as a % of GDP, we're spending LESS in 2013 than we did in 2009!!!!
In 2009 federal spending was $3,173.4 (adjusted to 2005 dollars) and 25.2% of GDP.
In 2013 it is projected to be $3,157.4 (2005 dollars) and 23.3%.
Bottom line? I'm so sick and tired of the LIES from "conservatives"!!!
FACTS actually do matter!