Which president position to fill high deficits?

There are many arguments that led the President of the largest deficit, and the largest contributor to the national debt. It is not as easy as you might think, to determine how each president created deficit. The easiest way is to search the deficit each year during the term of office.

However, the president is not for the budget deficit, which back in charge of his first year in office

(January to December). This is because the budget from January to September 30 this year, the President has corrected before. Federal fiscal year runs open until September 30, October 1.

An example of how this works. President Bush presented the 2009 budget to Congress in February 2008, Congress passed and took effect on 1 October, 2008 by President Obama in power was elected in November 2008 and began its work in January 2009, he had to live with the budget by President Bush to its budget was approved and came into force on 1 October of 2009.

It is also a rare example of how a president can add the previous budget. It was only after President Obama took office, the Dow fell to 6594.44 and raised fears of deepening recession. Obama received the consent of Congress to pass the stimulus bill. Congress approved another $ 253 billion to be issued immediately, adding that amount to the 2009 budget Bush.

The best way to measure the deficit by the President

Therefore, the

Is the most accurate method for measuring the deficit of President summarize all the way actually created budget shortfalls in their budgets. This is because the budget sets priorities of the President in black and white. Measures the impact of changes in taxes and spending in dollars and cents.

There are some limitations, however. First, Congress has an important role, as they have to approve the budget. Each house of Congress is preparing its own budget and negotiate with the Executive Office to complete a budget each year. For more information, see Who's Who in the budget process.

On the other hand, every president takes over a large number of policies of their predecessors. For example, every president has had to compensate for tax cuts by President Bush for the decline in sales by President Reagan. The President, the taxes increase very quickly very unpopular.

Third, and every president has faced a recession, every recession were not created equal. In addition, some presidents had to deal with extraordinary events such as the terrorist attacks of 9/11 and Hurricane Katrina. Although not part of the business cycle should be answered with affordability.

Fourthly, the deficit was not created by the compulsory part of the budget by the President. This is because the budget requires only an estimate of what it will cost these programs. You have already authorized by the act of Congress that created the program. Unless the President can remove yourself Congress or modify the program, you have to live with these costs. The budget includes compulsory social security, Medicare, Medicaid, and how the TARP and Affordable Care. Social Security and Medicare are usually the two biggest expenses while President.

You probably know that the deficit recorded in the debt. But you also know that the amount of the debt is held each year more than the deficit? This is because the chairs "borrow" the Trust Fund for Social Security, and other parts of the budget surplus. Discover how every president has in fact contributed to the debt.

President Barack Obama

President Obama has planned the largest deficits in the amount of $ 6800000000000 for his eight years in office. The Obama budget includes the economic stimulus package, the $ 787 billion by reducing taxes, which are recorded unemployment benefits and civil engineering projects creative finance jobs. Obama tax cuts added $ 858 billion debt more than two years. The Obama budget includes increased defense spending 800 million dollars per year. Federal income decreased due to tax revenue from the financial crisis of 2008 lower.

Both Bush and Obama had to cope with an increased mandatory spending on Social Security and Medicare as their predecessors. This is because the cost of health care has increased, and the US population is aging. Obama sponsored the Law on the Protection and Affordable Care patients, which was designed to reduce debt by 143 billion over 10 years. However, these savings can not occur until years later. More information can be found on the national debt with Obama.

President George W. Bus h

President Bush is coming to collect $ 3294000000000 two terms. He responded to 11.9 launch attacks on the war against terrorism. This led to military spending to a record 600 to 800 million dollars per year. President Bush has also responded to the recession of 2001 to EGTRRA and JGTRRA, also known as the Bush tax cuts known.

President Ronald Reagan

President Reagan added $ 1412000000000 deficit during his two terms in office. He fought the 1982 recession by reducing the tax rate on incomes above 70% to 28% and the corporate tax rate from 48% to 34%. It also increases public spending by 2.5% per year. This included a 35% increase in the defense budget, and an expansion of Medicare. Although 1412000000000 USD is not as compared to 2012 debt, in fact, the economic policies of Reagan almost doubled the debt during his presidency.

President George HW Bush

President George HW Bush has accumulated a deficit of $ 1030000000000 in a term. He responded to the invasion of Kuwait in Desert Storm. He headed the rescue of $ 125 billion at the end of the crisis of 1989. Part of the Savings and Loan deficit by the loss of tax revenue from the recession of the 1991st

While most other presidents deficits recorded, none of these four approaches. This is partly because the US economy in terms of GDP, was much smaller for the other presidents. For example, in 1981 the GDP only $ 3 trillion, more than fivefold to 15 billion in 2012, $ See the following table for a detailed budget deficits for years, every president since President Woodrow Wilson year. Updated September 24, 2014

Budget deficits every year since 1960

President Barack Obama: More effective deficit total = $ 6814000000000.

• FY 2017 - 458 billion $
• FY 2016 - 531 billion $
• FY 2015 - 564 billion $
• FY 2014 - 649 billion $
• FY 2013 - 680 million euros.
• FY 2012-1087000000000 $.
• 2011-1299 billion US dollars.
• FY 2010 - $ 1.546 ($ 1.293 trillion, more than 253 milliards of Obama stimulus law, the state budget for 2009 accompanied).

President George W. Bush: Total = $ 3294000000000.

• FY 2009-1160000000000 $. ($ 1,416,000,000,000 law at least $ 253 billion Obama stimulus)
• FY 2008 - 458 million euros.
• FY 2007 - 161 million euros.
• FY 2006 - 248 million euros.
• FY 2005 - 318 million euros.
• FY 2004 - 413 million euros.
• FY 2003 - 378 million euros.
• FY 2002 - 158 million euros.

President Bill Clinton: Total = $ 63000000000 surplus.

• 2001 financial year - more than 128 billion dollars.
• FY 2000 - more than $ 236 billion.
• The year 1999 - more than $ 126 billion.
• 1998 - $ 69 billion surplus.
• FY 1997-22000000000.
• FY 1996 - 107 million euros.
• FY 1995 - 164 million euros.
• FY 1994 - 203 million euros.

President George HW Bush: Total = $ 1030000000000.

• FY 1993 - 255 million euros.
• FY 1992 - 290 million euros.
• FY 1991 - 269 million euros.
• FY 1990 - 221 million euros.

President Ronald Reagan: Total = $ 1412000000000.

• FY 1989 - 153 million euros.
• FY 1988 - 155 million euros.
• FY 1987 - 150 million euros.
• FY 1986 - 221 million euros.
• FY 1985 - 212 million euros.
• FY 1984 - 185 million euros.
• FY 1983 - 208 million euros.
• FY 1982 - 128 million euros.

President Jimmy Carter: Total = $ 253 billion

• FY 1981 to 79,000,000,000 dollars.
• FY 1980 to 74,000,000,000 dollars.
• FY 1979 to 41,000,000,000 dollars.
• FY 1978 to 59,000,000,000 dollars.

President Gerald Ford: Total = 181000000000 dollars.

• FY 1977 to 54,000,000,000 dollars.
• FY 1976 to 74,000,000,000 dollars.
• FY 1975 to 53,000,000,000 dollars.

President Richard Nixon: Total = $ 70000000000.

• Fiscal 1974-6000000000 $.
• FY 1973-15000000000.
• FY 1972-23000000000 $.
• FY 1971-23000000000 $.
• FY 1970 to 3,000,000,000 $.

President Lyndon B. Johnson: Total = 42 billion dollars.

• FY 1969 - more than $ 3 billion.
• FY 1968-25000000000.
• FY 1967 to 9,000,000,000 $.
• FY 1966 to 4,000,000,000 $.
• FY 1965 to 1,000,000,000.
• FY 1964 to 6,000,000,000 $.

President John F. Kennedy: total = US 11 billion dollars.

• FY 1963 to 5,000,000,000 $.
• FY 1962 to 7,000,000,000 $.

President Dwight D. Eisenhower: total = US $ 16 billion.

• FY 1961 to 3,000,000,000 $.
• Fiscal 1960 - $ 0000000000 (less excess).
• FY 1959-13000000000.
• Fiscal 1958-3000000000 $.
• FY 1957 - more than $ 3 billion.
• FY 1956 - excess of $ 4 billion.
• FY 1955 to 3,000,000,000 $.
• FY 1954 to 1,000,000,000.

President Harry Truman: total = $ 3 billion.

• FY 1953 to 6,000,000,000 $.
• FY 1952 to 1,000,000,000.
• FY 1951 - $ 6 billion over.
• FY 1950 to 3,000,000,000 $.
• FY 1949 - $ 1 billion surplus.
• FY 1948 - surplus of 12 billion dollars.
• FY 1947 - excess of $ 4 billion.
• FY 1946-16000000000.

President Franklin D. Roosevelt: Total = $ 196 billion.

• FY 1945 to 48,000,000,000 dollars.
• FY 1944 to 48,000,000,000 dollars.
• FY 1943 to 55,000,000,000 dollars.
• FY 1942-21000000000.
• FY 1941 to 5,000,000,000 $.
• Fiscal 1940-3000000000 $.
• FY 1939 to 3,000,000,000 $.
• FY 1938 - $ 0000000000 (mild deficit).
• FY 1937-2000 million US dollars.
• FY 1936 to 4,000,000,000 $.
• FY 1935 to 3,000,000,000 $.
• FY 1934 to 4,000,000,000 $.

President Herbert Hoover: total = $ 5 billion.

• Fiscal 1933-3000000000 $.
• FY 1932 to 3,000,000,000 $.
• FY 1931 - $ 0000000000 (mild deficit).
• FY 1930 - $ 1 billion surplus.

President Calvin Coolidge: A total of $ 6 bn = surplus.

• FY 1929 - $ 1 billion surplus.
• FY 1928 - $ 1 billion surplus.
• FY 1927 - $ 1 billion surplus.
• FY 1926 - $ 1 billion surplus.
• FY 1925 - $ 1 billion surplus.
• FY 1924 - $ 1 billion surplus.

President Warren G. Harding: 2000000000 Total income =.

• FY 1923 - $ 1 billion surplus.
• FY 1922 - $ 1 billion surplus.

President Woodrow Wilson: total = US $ 22 billionth

• FY 1921 - $ 1 billion surplus.
• Fiscal 1920 - $ 0000000000 (less excess).
• FY 1919-13000000000.
• FY 1918 to 9,000,000,000 $.
• FY 1917 to 1,000,000,000.
• FY 1916 - $ 0000000000 (less excess).
• Fiscal 1915 - $ 0000000000 (less excess).
• FY 1914 to 0,000,000,000 dollars.

FY 1789 - Fiscal 1913 - $ 24 billion surplus. (Source: OMB Table 1.1 Summary of revenue, expenditure and surplus or deficit: 1789-2017)