BushToll

Documenting the Bush Legacy of Failure

Bush Grew Gross Federal Debt by 85.5%

Posted on | January 3, 2009 | 1 Comment

George W. Bush presided over an historic 85.5 percent increase in the Gross Federal Debt.

Over his eight years in office, George W. Bush presided over an 85.5 percent increase in the Gross Federal Debt.

When he was inaugurated on Jan. 20, 2001 the Gross Federal Debt was $5.728 trillion(1), or 57 percent of the $10.129 trillion(2) Gross Domestic Product (GDP).

On Jan. 20, 2009, the day of Bush’s departure, the Gross Federal Debt was estimated at $10.627 trillion(3), an 85.5 percent increase since his inauguration.

This debt is 73 percent of a projected GDP of $14.561 trillion(4), reaching a peak not seen since 1955 when the country was still winding down its World War II debt.

Sources

1. U.S. Dept. of the Treasury, Daily History Search Application, U.S. Debt to the Penny

2. U.S. Bureau of Economic Analysis, GDP Data

3. U.S. Dept. of the Treasury, Daily History Search Application, U.S. Debt to the Penny

4. The Financial Forecast Center, U.S. Gross Domestic Product

Additional Information

2009 Budget of the United States Government

National Debt Graph, ZFacts.com

Bush Administration Adds $4 Trillion To National Debt, CBS News, Sept. 2008

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One Response to “Bush Grew Gross Federal Debt by 85.5%”

  1. The post-debate verdict swung clearly to Romney. - Page 3
    October 8th, 2012 @ 4:50 am

    [...] was estimated at $10.627 trillion(3),[B] an 85.5 percent increase since his inauguration. ]/B] Bush Grew Gross Federal Debt by 85.5% : BushToll At least Bush had two wars to put on the card. Obama has zero to show for all the debt [...]

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