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National Debt by President

Posted By Barry Ritholtz On May 18, 2010 @ 12:00 pm In Politics,Taxes and Policy | Comments Disabled

I have been very critical of Obama [1] for following Bush’s bankster bailout policies. And I thought his reliance on Robert Rubin & the RR Choir (Summers, Geithner, et. al) was ill advised.

But I don’t understand those on the far right who seem to believe that deficits were created on January 20th, 2009.

Consider this chart — it shows the National Debt as a percentage of GDP. Its pretty telling:

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National Debt Graph

click for larger chart
[2]
Chart courtesy of zFacts.com [3]

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See also
Government debt explosion hits turning point [4]
http://finance.yahoo.com/news/Government-debt-explosion-apf-3157069187.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2010/05/national-debt-by-president/

URLs in this post:

[1] critical of Obama: http://www.ritholtz.com/blog/2009/04/the-14-most-strident-critics-of-obama/

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/05/National-Debt-GDP-L.gif

[3] zFacts.com: http://zfacts.com/p/318.html

[4] Government debt explosion hits turning point: http://www.ritholtz.com/blog http://finance.yahoo.com/news/Government-debt-explosion-apf-3157069187.html

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