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Jan 4, 2024 · Reagan increased defense spending by 35% in his two terms as president. 4. George W. Bush (2001 to 2009) President George W. Bush added about $4 trillion to the U.S. national debt.
On top of these policies, Reagan also increased defense spending by 35 percent. George W. Bush. President Bush added $6.1 trillion to the nation’s debt, the second-largest amount in dollars. This took National Debt from $5.8 trillion in 2001 to $11.9 trillion in 2009 a 105% percent increase.
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Mar 16, 2009 · Although Social Security and Medicare spending growth outpaced most other programs in the mid-1990s, spending growth in discretionary programs has accelerated in the last 15 years, especially during Bush’s two terms. Between FY2002 and FY2009, discretionary spending rose 96 percent. Some argue that federal spending during the Bush years was ...
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Dec 20, 2021 · A budget deficit results when the revenue from taxes is less than spending in a fiscal year. Presidents influence the debt through policy decisions, but they can't control mandatory spending enacted by Congress. The four presidents with the biggest deficits have been Barack Obama, Donald Trump, George W. Bush, and Ronald Reagan.
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Mar 10, 2023 · Our charts include spending and revenue figures through 2022 and presidential budget proposals for fiscal years 1994 through 2024. ... George W. Bush. ... Spending. Taxes and other revenue ...
The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.
Mar 31, 2023 · George W. Bush President Bush added $5.85 trillion to the national debt, a 101% increase from the $5.8 trillion debt at the end of Clinton's last budget for fiscal year 2001. FY 2009: $1.63 trillion (this was Bush's deficit without the impact of the Economic Stimulus Act)
