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∙ 10y agoAs a percentage of GDP, the largest increase in U.S. public debt was during Franklin Roosevelt's third term in office. As a raw dollar amount, the largest increase was during Barack Obama's first term.
Second-place goes to George W Bush's second term, both in total dollar increase and increase as a percent of GDP.
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∙ 8y agoPresidents can not borrow money and can only spend money that is appropriated by Congress, so Presidents can not make debt except indirectly, by encouraging Congress to borrow and by not vetoing bills to increase the national debt. In number of dollars, President Obama has approved the most money in debt. However, the value of the dollar have been greatly reduced and the population has greatly increased, so it difficult to say which president borrowed the most. Demands for federal funds have greatly increased from 1932 on, so it is probably safe to say that one of the more modern presidents has spent the most in "real" dollars, whatever that means.
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∙ 8y agoConsidering that social security didn't exist until the 1940's that means only a modern president would do this and that man was Reagan. He was known to do this sort of thing. As governor of California he borrowed money from the teachers retirement system and it is only after the state was sued by the system in the last few years some of the money was returned.
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∙ 8y agoThe president can only borrow money if directed to do so by Congress. All of the social security fund is borrowed by the US treasury to pay current expenses. However, a record is kept of how much is owed.
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∙ 14y agoGeorge Walker Bush has so far run up the most debt.
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∙ 13y agoBarack Obama
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∙ 11y agoPresident Obama!
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∙ 13y agoobama .(:
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Which US President increased the most amount of national debt?
Barrak Hussein Obama has added more debt then all other U S Presidents combined
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.
What political party has increased the debt the most?
rep.
What president raised the debt ceiling most?
The President cannot raise the debt ceiling. It is set by Congress.
What country in the world has the most national debt in relationship to their gross national product?
Most likely the United States with our multi-trillion dollar national debt.
Who holds most of the US National Debt?
The United States and Japan. they hold most of the national debt. right now, but I believe that China is getting up there.
What the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
What is the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
Did president obama or bush increase the deficit the most?
In 2001, the national debt Bush inherited was around $5.7T, give or take. When Bush left office in 2009, the debt was nearly $11T. That's an increase of 89 percent. Under Obama, the debt has increased from about $11T to about $15T, about 40 percent. And what's behind that increase? The Bush tax cuts for the 1% and the worst financial crash since the 1930s (Thank you Bush).
What countries hold the most of the USA national debt?
I know factually who holds our biggest debt; that would be China
How was the national debt reduced by Jefferson and gallatin?
He streamlined the bureaucracy and increased the sales of federal land. -Novanet
What is national debt in 2015?
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.
