[QUOTE=1bad65;1017132]Ok, so why is Obama’s one year of debt bigger than Reagans 8 years and GHW Bush’s 4 years in office COMBINED? That’s math. And whether you like it or not this formula is correct:
Obama’s debt > Reagans debt + GHW Bush’s debt[/QUOTE]
Source:
National Debt as of January 31, 1981 - $935,075,000
National Debt as of January 31, 1989 - $2,682,666,000
Increase from 1981: $1,747,591,000
National Debt as of January 31, 1993: 4,076,124,000
Increase from 1989: $1,393,458,000
Increase from 1981: $3,141,049,000
National Debt as of January 31, 2001: $5,716,071,000
National Debt as of January 31, 2009: $10,632,080,000
Increase from 2001: $4,916,009,000
National Debt as of April 30, 2010: $12,948,739,000
Increase from 2009: $2,316,659,000
It would seem to me that $2,316,659,000 is less than $3,141,049,000. That would make your assertion that President Obama’s increase in the National Debt is higher than the amounts contributed to it by the Administrations of Ronald Reagan and George Herbert Walker Bush flatly untrue.
However, the amount added to the National Debt by President George Walker Bush is higher than the amount added by Presidents Ronald Reagan and George H.W. Bush combined.
That’s math. :eek: