Box lets compare the amount of money that we're in debt not percentages. Under Obama: The debt ceiling has been raised on three occasions under President Barack Obama. The debt ceiling was $11.315 trillion when the Democrat was sworn into office in January 2009 and increased by nearly $3 trillion or 26 percent by summer 2011, to $14.294 trillion. In 2012 there will be another 1.1 trillion in debt added.
4 trillion in almost 4 yearsThe CBO projected that Obama's proposed budget would increase the national debt from $7.5 trillion - about 53 percent of the nation's Gross Domestic Product - at the end of 2009 to $20.3 trillion - or 90 percent of the GDP - by the end of 2020.
Under Reagan: $985 billion in February 1981;
$999.8 billion in September 1981;
$1.0798 trillion September 1981;
$1.1431 trillion in June 1982;
$1.2902 trillion in September 1982;
$1.389 trillion in May 1993;
$1.49 trillion in November 1983;
$1.52 trillion in May 1984;
$1.573 trillion in July 1984;
$1.8238 trillion in October 1984;
$1.9038 trillion in November 1985;
$2.0787 trillion in December 1985;
$2.111 trillion in August 1986;
$2.3 trillion in October 1986;
$2.32 trillion in July 1987;
$2.352 trillion in August 1987;
and $2.8 trillion in September 19877 UnUnder Bush the debt ceiling increased:
by $450 billion to $6.4 trillion in June 2002;
by $984 billion to $7.384 trillion 11 months later, in May 2003;
by $800 billion to $8.184 trillion 18 months later, in November 2004;
by $781 billion to $8.965 trillion 16 months later, in March 2006;
by $850 billion to $9.815 trillion 18 months later, in September 2007;
by $800 billion to $10.615 trillion 10 months later, in July 2008;
and by $700 billion to $11.315 trillion three months later, in October 2008.
5 trillion in 8 yearshttp://usgovinfo.about.com/od/moneymatters/tp/5-Presidents-Who-Raised-The-Debt-Limit.htm
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