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What was the national debt the year George W. Bush was elected and what was it when he left?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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What debt did George W. Bush incur during his term as president?
George Walker Bush increased the national debt by $4.9 million dollars. Doubling it during his presidency.
What was the national debt when George H. W. Bush left office?
The national dept was $10,626,877,048,913.08 when George W Bush left office.
What was the national debt during Bush administration?
During the Bush administration, the national debt increased significantly. When George W. Bush took office in January 2001, the national debt was around $5.7 trillion, and by the time he left office in January 2009, it had increased to over $10.6 trillion.
What percent of the national budget is spent on interest for debt incurred during the George Bush years?
100%
What was the national debt when George H W Bush entered and left the office of the presidency?
2.9 and 4.4
What was the national debt during the George W Bush years?
In his first term the Debt increased by 6.9% and in the second term it incereased by 11.7%
Which republican president worked out an agreement with the democratic majority in congress to raise taxes and reduce the national debt?
George HW Bush......aka, Bush 1.
When in the history of the US was there no national debt?
I'm not sure but I know we didn't have Much before George W Bush came into office
How did bush inherit a 5.8 trillion dollar debt if Clinton left office debt free?
Don't confuse the national debt with the national deficit. The national debt is the accumulated debt carried from year to year. The deficit is the difference between tax revenue and government expenditure in a given year. Clinton was able to get expenditures below revenus while he was in office (known as a budget surplus), but he was not able to eliminate the debt. Clinton inherited a massive debt from GHW Bush (which he inherited from Reagan), and passed an only slightly smaller debt to GW Bush.
What was the national debt at the end of bush term?
W Bush inherited a National Debt of $5.8 Trillion dollars. By the end of his time in office it had more than doubled to $11.9T.
Was national debt ever been fully paid off?
Yes, several times. Most recently, President Clinton was able to balance the budget in his administration, despite having inherited a deficit from President George H.W. Bush. It was not several times and Clinton didn't do it. In fact the national debt was $5,727,776,738,304.64 when Clinton left office. Clinton left office with about a $1.5 trillion increase to the national debt. The only time the national debt has been paid off was in 1835 under President Andrew Jackson.
Why did the federal debt increase under George W. Bush?
The federal debt increases because Congress increases the debt ceiling. They do so because they want to spend money to help their constituents and so get them votes. Anything popular will do. in the case of George W. Bush, the object was the war in Iraq and Afghanistan which was motivated by the attacks on the world-trade center and the pentagon.
