National Debt When Bush Left Office

Fy 2009 1 632 trillion.

National debt when bush left office. Bush had left the white house but it was the next guy who picked up the tab. The latest number from the treasury department shows the national debt now stands at more than 9 849 trillion. This was bush s deficit without the impact of the economic stimulus act.

Ignoring the fact that he actually started his presidency with a surplus bush left office in 2009 with a federal. When bush took office in january 2001 the debt was roughly 5 7 trillion. To put that into perspective when president george w.

Added 5 849 trillion a 101 increase from the 5 8 trillion debt at the end of clinton s last budget fy 2001. Congressional budget office. That figure had swollen to 10 6 trillion by the time he left office an increase of about 4 9 trillion.

Government runs deficits of 4 or greater of. The debt surged by 41 in obama s first 1 012 days in office ultimately ballooning by. 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. Federal debt could hit 100 of gdp in 2030 and 180 in 2050. The budget for obama s first year in office was set by george w.

Public debt as a share of gdp was at 95 7 percent in 1944 his last full calendar year in office. Yes that s george bush ii. He inherits his predecessor s budget.