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The National Debt since WWII dropped steadily under the Truman, Eisenhower, Kennededy. Johnson and Carter Administrations, and more than doubled under Reagan and Bush (GHW). Clinton returned to the downward trend and Bush II reversed that again. Looking at a chart of the US Debt as a percentage of the Gross Domestic Product makes it quite clear that Ronald Reagan and "Reaganomics" is the responsibe party. The Truman years stand out as the ones that demonstrated the most fiscal responsibility, followed in order by Eisenhower, Clinton, Kennedy, Carter and Johnson.
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Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
What war was largely responsible for Britain's large national debt?
amercian revolution
What was the national debt in 1791?
the national debt was something used to create national debt
My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
Who is responsible for marital debt?
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
National debt in 2003?
What was the national debt in 2003?
Are you responsible for your siblings debt?
You are not responsible for your sibling's debt unless you co-signed and agreed to be responsible for it. If you co-sign for a debt and the primary borrower doesn't pay then you will be held responsible for repayment.
Factors responsible for inflation?
Inflation can be a result of economic development, national debt, unemployment, production cost, and international lending.
What is the amount national debt in Peru?
$350,000,000 in national debt
What is the US national debt?
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
What is a sentence for the word national debt?
The national debt of this country is ridiculous.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
