(June 25, 2019 at 12:23 pm)Rev. Rye Wrote: Actually, Obama’s totals are closer to $8.5 trillion, which is still close to five times the amount of money Reagan spent. However, as of Dubya’s last budget, the national debt was $11.567 trillion, which leads to a 74% increase.
Meanwhile, Reagan started with a $998 billion debt and ended with $2.86 trillion. It was Reagan who spent more than twice the rest of all the previous administrations combined, not Obama.
Are those figures adjusted for inflation or, as I suspect they are, in nominal dollars?
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