Who is responsible for Americas national debt?
The National Debt since WWII dropped steadily under the Truman, Eisenhower, Kennededy. Johnson and Carter Administrations, and more than doubled under Reagan and Bush (GHW). Clinton returned to the downward trend and Bush II reversed that again. Looking at a chart of the US Debt as a percentage of the Gross Domestic Product makes it quite clear that Ronald Reagan and “Reaganomics” is the responsibe party. The Truman years stand out as the ones that demonstrated the most fiscal responsibility, followed in order by Eisenhower, Clinton, Kennedy, Carter and Johnson.
