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Delivering Debt

Created on October 5, 2011

Delivering Debt

Delivering Debt

Through just one term, President Obama is projected to increase publicly held debt by 23.5%—more than that of his predecessor, George Bush, over two terms.

Change in Debt Held by the Public, by Presidential Term, as a Percentage of GDP

Second term First term


GW Bush


GHW Bush


Sources: Heritage Foundation calculations based on data from Office of Management and Budget, Historical Tables, and Congressional Budget Office, Long-Term Budget Outlook, June 2011, Alternative Fiscal Scenario.