Deficit Under Republican Presidents

Facts On Deficit Under Last Seven Presidents

Facts are facts, no matter how much political propaganda is spread by the internet and political party misinformation.

The national debt under the past seven Presidents:

Ronald Reagan–added $74 billion to the deficit

George H W Bush—Added $102 billion to the deficit

Bill Clinton–Reduced the deficit by $383 billion, leaving the budget in surplus when he left office

George W. Bush–Added $1.54 Trillion to the deficit

Barack Obama–Reduced the deficit by $825 billion

Donald Trump–Added $2 Trillion to the deficit, and now has added about $4 Trillion in his first nearly two years of his second term, including massive tax cuts to the wealthy

Joe Biden–Reduced the deficit by about $942 billion.

So under Republican Presidents, particularly Ronald Reagan, George W. Bush, and Donald Trump, all giving massive tax cuts to the wealthy, the deficits have soared.

Under Democratic Presidents, great progress to lower deficits were accomplished.