Tuesday, March 07, 2006

U.S. Republican/Democratic Party President Debt Comparison June 30, 1950 to September 30, 2005

Six Republican Presidents
$17,418,946,823.59 1953-1961 Dwight D. Eisenhower [5]/Cold War
$124,439,418,745.59 1969-1974 Richard Nixon [2] Vietnam War/Cold War
$226,278,000,000.00 1974-1977 Gerald Ford [1]Vietnam War/Cold War
$1,828,701,960,187.32 1981-1989 Ronald Reagan (3)Grenada/Panama Invasion/Cold War
$1,554,057,922,952.06 1989-1993 George H.W. Bush (4)/Cold War/Persian Gulf War/
$2,125,246,249,523.44 2001-present George W. Bush** (2)9-11/Persian Gulf War II/
Total Debt Accumulated
$5,876,142,498,232.00

5 Democratic Presidents
$21,392,462,040.29 1950-1953 Harry S. Truman [4] Korean War/Cold War
$13,178,083,844.25 1961-1963 John F. Kennedy/ Bay of Pigs/ Vietnam War/Cold War
$58,878,736,195.24 1963-1969 Lyndon B. Johnson [3]/ Vietnam War/Cold War
$3,097,869,000,000.00 1977-1981 Jimmy Carter* (1)Iran Hostage Crisis/Cold War
#1,395,974,529,060.68 1993-2001 William Clinton (5) Bosnia & Herzegovina
Total Debt Accumulated
4,565,900,349,100.17
[The difference between Republican and Democrat accumulated debt in the 55 year period is one trillion, three hundred and ten billion, two hundred and forty-two million, one hundred and forty-nine thousand, one hundred and thirty-one hundred dollars and eighty-three cents ($1,310,242,149,131.83). You also have to consider the amount of wars, interventions, and invasions of other countries under each president, and other factors such as changes in technological advances, growth of the economy, dependencies on foreign trade etc that may increase/decrease spending. For example according to a statistical study at http://www.cwc.lsu.edu/cwc/other/stats/warcost.htm the U.S. spent 61 billion dollars in the Gulf War, but was reimbursed 54 billion by coalition countries so the actual U.S. cost was 7 billion dollars. It's a tricky game so I urge you to not accept everything you hear on face value without considering a little homework and see how different your opinion may be compared to just accepting what's portrayed on the news]

I for one don't care what party is in office--I care about what they are doing for us as a people today, and for the future!

Legend:
* = Presidents with the highest accumulated debt
** = Presidents with the second highest accumulated debt
"(1)" = ranking after U.S. debt reached 1 trillion dollars
"[1]" = ranking after U.S. debt reached 1 billion dollars

Note: Study does not indicate whether a party had majority rule over congress.

Data source: Bureau of the Public Debt: Historical Debt Outstanding-Annual http://publicdebt.treas.gov/opd/opdhisto4.htm

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