The change in America's debt by presidential term(economist.com)

4 pointsby robg14 ปีที่แล้ว5 comments

The change in America's debt by presidential term

http://www.economist.com/blogs/graphicdetail/2012/11/daily-chart

3 comments

argonaut14 ปีที่แล้ว

Interesting. It seems that only Truman's debt-cutting is responsible for 'outweighing' Obama's dramatic increase in the debt (relative to GDP). Even Reagan and Clinton increased debt relative to GDP.

That being said, this definitely over-represents the increase in debt when a president increases the absolute debt while the economy shrinks/stagnates, and vice versa.

Tagbert14 ปีที่แล้ว

My understanding of the recent debt is that it is caused less by increased spending and more by a dramatic drop in revenue because of the economic collapse since 2008.

gizmo68614 ปีที่แล้ว

Eyeballing the chart, it looks like the debt change was following its own function irrespective of the president.

trevelyan14 ปีที่แล้ว

The ordering is not chronological.

robotico14 ปีที่แล้ว

Pretty sickening. 90% top tax rate though - that's pretty ridiculous.