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Amari Carter

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What two events caused the English debt to increase?

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The federal budget impacts the national debt by determining how much money the government spends and collects in a given year. If spending exceeds revenue, the government borrows money, increasing the national debt. Factors contributing to this relationship include government spending on programs like healthcare and defense, tax revenue collected, interest rates on borrowed money, and economic conditions affecting revenue and spending.


What was the national debt the year George W. Bush was elected and what was it when he left?

At the end of 2000, the U. S. National Debt was about $5,660,000,000,000. During the following eight years, the debt grew to about $10,700,000,000,000, an increase of about $5,040,000,000,000. During George W. Bush's presidency, there were four years in which the Republican Party controlled both houses of Congress, two years in which the Democratic Party controlled both houses of Congress, and about two years in which the Republican Party controlled the House and the Democratic Party controlled the Senate. The average annual increase of the debt while the Republican Party had full control was about $567,500,000,000. The average annual increase while control was divided between both parties was about $375,000,000,000. The average annual increase while the Democratic Party controlled both houses of Congress was about $1,010,000,000,000. During the following two years, the first two years of Barack Obama's presidency, when the Democratic Party had full control, the average annual increase to the debt was about $1,660,000,000,000. In 2011, when the Republican Party regained control of the House, the debt increased by about $1,200,000,000,000.


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When George Bush became president the federal deficit debt was how many times what it had been when Ronald Reagan took office?

First of all, the federal budget deficit and the national debt are two different things. The debt is the total of borrowed money owed by the federal government, and the budget deficit is the amount that is added to the debt each year due to the lack of a balanced budget.During the eight years of Ronald Reagan's presidency, the national debt rose by 1.78 trillion dollars due to eight budgets with deficits ranging from 100 billion dollars to 280 billion dollars being signed into law. That changed the size of the national debt from 960 billion dollars to 2.74 trillion dollars, an increase of 185.4%.