Tuesday, August 09, 2016

The Decline of Laissez-faire and The Rise Big Constant Un-Balanced Budgets.

About Money has the numbers:
Barack Obama: Added $6.494 trillion, a 56% increase in the $11.657 trillion debt level attributable to President Bush by the end of his last budget, FY 2009.

George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.


Bill Clinton: Added $1.396 trillion, a 32% increase to the $4.4 trillion debt level at the end of Bush's last budget, FY 1993.


George H.W. Bush: Added $1.554 trillion, a 54% increase in the $2.8 trillion debt level at the end of Reagan's last budget, FY 1989.


Ronald Reagan: Added $1.86 trillion, 186% increase in the $998 billion debt level at the end of Carter's last budget, FY 1981.


Jimmy Carter: Added $299 billion, a 43% increase in the $699 billion debt level at the end of Ford's last budget, FY 1977.

Gerald Ford: Added $224 billion, a 47% increase in the $475 billion debt level at the end of Nixon's last budget, FY 1974.


Richard Nixon: Added $121 billion, a 34% increase in the $354 billion debt level at the end of LBJ's last budget, FY 1969.

Lyndon B. Johnson: Added $42 billion, a 13% increase in the $312 billion debt level at the end of JFK's last budget, FY 1964.


John F. Kennedy: Added $23 billion, a 8% increase in the $289 billion debt level at the end of Eisenhower's last budget, FY1961.


Dwight Eisenhower: Added $23 billion, a 9% increase in the $266 billion debt level at the end of Truman's last budget, FY 1953.

Harry Truman: Added $7 billion, a 3% increase over FDR's debt level of $259 billion at the end of FY 1945.

Franklin D. Roosevelt: Added $236 billion, a 1,048% increase over $23 billion, the debt at the end of Hoover's last budget, FY 1933.

Herbert Hoover: Added $6 billion, a 33% increase over $17 billion, the debt at the end of Coolidge's last budget, FY 1929.

Calvin Coolidge: Subtracted $5 billion from the debt, a 26% decline from $21 billion the debt level at the end of Harding's last budget, FY 1923.

Warren G. Harding: Subtracted $2 billion from the debt, a 7% decline from the $24 billion debt at the end of Wilson's last budget, FY 1921.


Woodrow Wilson: Added $21 billion to the debt, a 727% increase to the $2.9 billion debt at the end of Taft's last budget, FY 1913.
The facts are: Herbert Hoover and George W. Bush were far from proponents of laissez-faire.