The national Debt, which reached $27.8 trillion at the end of Trump"s presidency, is a number the for most of us is also high to even develop of. Through time, national Debt has continued to climb, from chairman to President, as a result of decision making and events that have fallen both within and outside of the White House"s control.

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This article will dive into exactly how much every President has contributed to national Debt, the varieties of decisions they do that influence debt level the most and also the occasions that have actually shaped America’s economic reality throughout history.

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The federal Deficit

The federal deficit different from the national debt in that the deficit is the difference in between revenue and spending in a single year, vice versa, the nationwide debt is measured because the country’s inception and also over the country’s lifetime. <1> The nationwide Debt described https://www.investopedia.com/updates/usa-national-debt/

Deficits and also debt are absolutely related. The best way to measure a president"s blame is to include up his budget plan deficits. A president"s spending plan reveals a certain administration"s safety priorities. The deficit by president reveals how much deficit was in each year"s budget, which can increase the debt.

The nationwide Debt

The national debt the the United claims is the total unpaid borrowed funds brought by the federal government. <4> national Debt that the United says https://en.wikipedia.org/wiki/National_debt_of_the_United_States federal government debt rises as a an outcome of government spending, and decreases from tax and also other revenues. Both of this fluctuate throughout the course of a fiscal year.

A major difference in between the federal deficit and the national debt is that a president deserve to use some creative means come feign some short-term fiscal responsibility. For example, a president can borrow from the Social security Trust Fund, which has actually run a surplus due to the fact that 1987. Much more working world contributed via payroll taxes than retired world withdrew in benefits. The fund invests its excess in U.S. Treasury notes. <5> exactly how is the Social defense Trust fund Invested? https://www.investopedia.com/ask/answers/110614/how-social-security-trust-fund-invested.asp

The president deserve to reduce the deficit by spending this funds rather of issuing additional Treasury securities. When on paper, this nominally reduce the deficit, the doesn’t alleviate the nationwide debt in ~ all.

History of the U.S. Debt by President

Total Debt change Per president <6> president Outlay Data https://www.whitehouse.gov/omb/historical-tables/

president Year debt At start ($) Debt as soon as Leaving Office ($) Debt change Percentage full Debt change ($)
PresidentDonald J. Trump Year2017–present Debt At begin ($)$20,244,900,016,053.50 Debt as soon as Leaving Office ($)$27,052,190,118,519.27 Debt change Percentage33.62% Total Debt adjust ($)$6,807,290,102,465.77
PresidentBarack Obama Year2009–2017 Debt At start ($)$11,909,829,003,511.70 Debt when Leaving Office ($)$20,244,900,016,053.50 Debt adjust Percentage69.98% Total Debt change ($)$8,335,071,012,541.80
PresidentGeorge W. Bush Year2001–2009 Debt At start ($)$5,807,463,412,200.06 Debt once Leaving Office ($)$11,909,829,003,511.70 Debt adjust Percentage105.08% Total Debt change ($)$6,102,365,591,311.64
PresidentWilliam J. Clinton Year1993–2001 Debt At start ($)$4,411,488,883,139.38 Debt when Leaving Office ($)$5,807,463,412,200.06 Debt change Percentage31.64% Total Debt adjust ($)$1,395,974,529,060.68
PresidentGeorge H. W. Bush Year1989–1993 Debt At begin ($)$2,857,430,960,187.32 Debt once Leaving Office ($)$4,411,488,883,139.38 Debt adjust Percentage54.39% Total Debt readjust ($)$1,554,057,922,952.06
PresidentRonald Reagan Year1981–1989 Debt At start ($)$997,855,000,000.00 Debt when Leaving Office ($)$2,857,430,960,187.32 Debt adjust Percentage186.36% Total Debt readjust ($)$1,859,575,960,187.32
PresidentJimmy Carter Year1977–1981 Debt At begin ($)$698,840,000,000.00 Debt once Leaving Office ($)997,855,000,000.00 Debt adjust Percentage42.79% Total Debt adjust ($)$299,015,000,000.00
PresidentGerald Ford Year1974–1977 Debt At begin ($)$475,059,815,731.55 Debt as soon as Leaving Office ($)698,840,000,000.00 Debt adjust Percentage47.11% Total Debt readjust ($)$223,780,184,268.45
PresidentRichard Nixon Year1969–1974 Debt At begin ($)$353,720,253,841.41 Debt once Leaving Office ($)$475,059,815,731.55 Debt change Percentage34.30% Total Debt change ($)$121,339,561,890.14
PresidentLyndon Johnson Year1963–1969 Debt At start ($)$305,859,632,996.41 Debt when Leaving Office ($)$353,720,253,841.41 Debt adjust Percentage15.65% Total Debt adjust ($)$47,860,620,845.00
PresidentJohn F. Kennedy Year1961–1963 Debt At begin ($)$288,970,938,610.05 Debt once Leaving Office ($)$305,859,632,996.41 Debt adjust Percentage5.84% Total Debt readjust ($)$16,888,694,386.36
PresidentDwight Eisenhower Year1953–1961 Debt At start ($)$266,071,061,638.57 Debt when Leaving Office ($)$288,970,938,610.05 Debt adjust Percentage8.61% Total Debt readjust ($)$22,899,876,971.48
PresidentHarry S. Truman Year1945–1953 Debt At start ($)$258,682,187,409.93 Debt when Leaving Office ($)$266,071,061,638.57 Debt change Percentage2.86% Total Debt adjust ($)$7,388,874,228.64
PresidentFranklin D. Roosevelt Year1933–1945 Debt At start ($)$22,538,672,560.15 Debt once Leaving Office ($)$258,682,187,409.93 Debt change Percentage1047.73% Total Debt change ($)$236,143,514,849.78
PresidentHerbert Hoover Year1929–1933 Debt At start ($)$16,931,088,484.10 Debt once Leaving Office ($)$22,538,672,560.15 Debt adjust Percentage33.12% Total Debt change ($)$5,607,584,076.05
PresidentCalvin Coolidge Year1923–1929 Debt At begin ($)$22,349,707,365.36 Debt as soon as Leaving Office ($)$16,931,088,484.10 Debt adjust Percentage-24.24% Total Debt readjust ($)-$5,418,618,881.26
PresidentWarren Harding Year1921–1923 Debt At begin ($)$23,977,450,552.54 Debt when Leaving Office ($)$22,349,707,365.36 Debt change Percentage-6.79% Total Debt readjust ($)-$1,627,743,187.18
PresidentWoodrow Wilson Year1913–1921 Debt At start ($)$2,916,204,913.66 Debt as soon as Leaving Office ($)$23,977,450,552.54 Debt adjust Percentage722.21% Total Debt adjust ($)$21,061,245,638.88
PresidentWilliam H. Taft Year1909–1913 Debt At begin ($)$2,639,546,241.04 Debt once Leaving Office ($)$2,916,204,913.66 Debt change Percentage10.48% Total Debt readjust ($)$276,658,672.62
PresidentTheodore Roosevelt Year1901–1909 Debt At begin ($)$2,143,326,933.89 Debt once Leaving Office ($)$2,639,546,241.04 Debt readjust Percentage23.15% Total Debt readjust ($)$496,219,307.15
PresidentWilliam McKinley Year1897–1901 Debt At begin ($)$1,817,672,665.90 Debt as soon as Leaving Office ($)$2,143,326,933.89 Debt readjust Percentage17.92% Total Debt adjust ($)$325,654,267.99
PresidentGrover Cleveland Year1893–1897 Debt At begin ($)$1,545,985,686.13 Debt when Leaving Office ($)$1,817,672,665.90 Debt readjust Percentage17.57% Total Debt adjust ($)$271,686,979.77
PresidentBenjamin Harrison Year1889–1893 Debt At start ($)$1,619,052,922.23 Debt once Leaving Office ($)$1,545,985,686.13 Debt adjust Percentage-4.51% Total Debt change ($)-$73,067,236.10
PresidentGrover Cleveland Year1885–1889 Debt At start ($)$1,863,964,873.14 Debt as soon as Leaving Office ($)$1,619,052,922.23 Debt change Percentage-13.14% Total Debt adjust ($)-$244,911,950.91
PresidentChester Arthur Year1881–1885 Debt At start ($)$2,069,013,569.58 Debt once Leaving Office ($)$1,863,964,873.14 Debt change Percentage-9.91% Total Debt change ($)-$205,048,696.44
PresidentJames Garfield Year1881 Debt At begin ($)$2,069,013,569.58 Debt once Leaving Office ($)$2,069,013,569.58 Debt change Percentagen/a Total Debt readjust ($)n/a
PresidentRutherford B. Hayes Year1877–1881 Debt At begin ($)$2,205,301,392.10 Debt when Leaving Office ($)$2,069,013,569.58 Debt adjust Percentage-6.18% Total Debt adjust ($)-$136,287,822.52
PresidentUlysses S. Grant Year1869–1877 Debt At start ($)$2,588,452,213.94 Debt when Leaving Office ($)$2,205,301,392.10 Debt adjust Percentage-14.80% Total Debt change ($)-$383,150,821.84
PresidentAndrew Johnson Year1865–1869 Debt At start ($)$2,680,647,869.74 Debt when Leaving Office ($)$2,588,452,213.94 Debt change Percentage-3.44% Total Debt adjust ($)-$92,195,655.80
PresidentAbraham Lincoln Year1861–1865 Debt At start ($)$90,580,873.72 Debt once Leaving Office ($)$2,680,647,869.74 Debt readjust Percentage2859.40% Total Debt readjust ($)$2,590,066,996.02
PresidentJames Buchanan Year1857–1861 Debt At begin ($)$28,699,831.85 Debt once Leaving Office ($)$90,580,873.72 Debt adjust Percentage215.61% Total Debt readjust ($)$61,881,041.87
PresidentFranklin Pierce Year1853–1857 Debt At start ($)$59,803,117.70 Debt as soon as Leaving Office ($)$28,699,831.85 Debt adjust Percentage-52.01% Total Debt change ($)-$31,103,285.85
PresidentMillard Fillmore Year1850–1853 Debt At start ($)$63,452,773.55 Debt when Leaving Office ($)$59,803,117.70 Debt adjust Percentage-5.75% Total Debt readjust ($)-$3,649,655.85
PresidentZachary Taylor Year1849–1850 Debt At begin ($)$63,061,858.69 Debt as soon as Leaving Office ($)$63,452,773.55 Debt change Percentage0.62% Total Debt readjust ($)$390,914.86
PresidentJames Polk Year1845–1849 Debt At begin ($)$15,925,303.01 Debt when Leaving Office ($)$63,061,858.69 Debt change Percentage295.99% Total Debt readjust ($)$47,136,555.68
PresidentJohn Tyler Year1841–1845 Debt At begin ($)$5,250,875.54 Debt when Leaving Office ($)$15,925,303.01 Debt adjust Percentage203.29% Total Debt adjust ($)$10,674,427.47
PresidentWilliam Henry Harrison Year1841 Debt At begin ($)$5,250,875.54 Debt when Leaving Office ($)$5,250,875.54 Debt adjust Percentagen/a Total Debt readjust ($)n/a
PresidentMartin van Buren Year1837–1841 Debt At start ($)$336,957.83 Debt as soon as Leaving Office ($)$5,250,875.54 Debt readjust Percentage1458.32% Total Debt change ($)$4,913,917.71
PresidentAndrew Jackson Year1829–1837 Debt At begin ($)$58,421,413.67 Debt when Leaving Office ($)$336,957.83 Debt change Percentage-99.42% Total Debt readjust ($)-$58,084,455.84
PresidentJohn Quincy Adams Year1825–1829 Debt At begin ($)$83,788,432.71 Debt once Leaving Office ($)$58,421,413.67 Debt readjust Percentage-30.28% Total Debt adjust ($)-$25,367,019.04
PresidentJames Monroe Year1817–1825 Debt At begin ($)$123,491,965.16 Debt once Leaving Office ($)$83,788,432.71 Debt readjust Percentage-32.15% Total Debt change ($)-$39,703,532.45
PresidentJames Madison Year1809–1817 Debt At begin ($)$57,023,192.09 Debt as soon as Leaving Office ($)$123,491,965.16 Debt readjust Percentage116.56% Total Debt change ($)$66,468,773.07
PresidentThomas Jefferson Year1801–1809 Debt At begin ($)$83,038,050.80 Debt as soon as Leaving Office ($)$57,023,192.09 Debt readjust Percentage-31.33% Total Debt adjust ($)-$26,014,858.71
PresidentJohn Adams Year1797–1801 Debt At begin ($)$82,064,479.33 Debt once Leaving Office ($)$83,038,050.80 Debt change Percentage1.19% Total Debt change ($)$973,571.47
PresidentGeorge Washington Year1789–1797 Debt At begin ($)$71,060,508.50 Debt once Leaving Office ($)82,064,479.33 Debt change Percentage15.49% Total Debt adjust ($)$11,003,970.83

Average percentage Debt readjust Per Year In Office <6> president Outlay Data https://www.whitehouse.gov/omb/historical-tables/ <7> Inflation Data https://www.officialdata.org/

chairman Year median Debt % readjust Average Inflation
Donald J. Trump 2017–present 4.48% 1.67%
Barack Obama 2009–2017 8.24% 1.46%
George W. Bush 2001–2009 8.67% 2.48%
William J. Clinton 1993–2001 4.07% 2.62%
George H. W. Bush 1989–1993 11.15% 4.09%
Ronald Reagan 1981–1989 13.64% 4.67%
Jimmy Carter 1977–1981 9.98% 9.85%
Gerald Ford 1974–1977 11.23% 8.11%
Richard Nixon 1969–1974 5.37% 6.01%
Lyndon Johnson 1963–1969 2.48% 2.83%
John F. Kennedy 1961–1963 2.23% 1.11%
Dwight Eisenhower 1953–1961 1.23% 1.36%
Harry S. Truman 1945–1953 3.53% 4.84%
Franklin D. Roosevelt 1933–1945 23.90% 2.19%
Herbert Hoover 1929–1933 5.44% -5.26%
Calvin Coolidge 1923–1929 -4.26% 0.27%
Warren Harding 1921–1923 -4.84% -4.95%
Woodrow Wilson 1913–1921 34.78% 7.45%
William H. Taft 1909–1913 2.12% 1.50%
Theodore Roosevelt 1901–1909 2.40% 0.91%
William McKinley 1897–1901 4.00% 0.24%
Grover Cleveland 1893–1897 2.78% -1.81%
Benjamin Harrison 1889–1893 -1.76% -1.07%
Grover Cleveland 1885–1889 -2.36% -1.24%
Chester Arthur 1881–1885 -2.50% -0.99%
James Garfield 1881 n/a n/a
Rutherford B. Hayes 1877–1881 -0.92% -0.93%
Ulysses S. Grant 1869–1877 -1.84% -3.28%
Andrew Johnson 1865–1869 8.86% -2.77%
Abraham Lincoln 1861–1865 148.36% 14.79%
James Buchanan 1857–1861 25.41% 0.77%
Franklin Pierce 1853–1857 -15.03% 2.54%
Millard Fillmore 1850–1853 -1.12% 0.00%
Zachary Taylor 1849–1850 0.62% 1.30%
James Polk 1845–1849 34.08% 0.59%
John Tyler 1841–1845 48.74% -3.21%
William Henry Harrison 1841 n/a n/a
Martin valve Buren 1837–1841 375.32% -0.13%
Andrew Jackson 1829–1837 57.71% -0.75%
John Quincy Adams 1825–1829 -8.28% -1.91%
James Monroe 1817–1825 -4.39% -4.92%
James Madison 1809–1817 9.07% 2.63%
Thomas Jefferson 1801–1809 -3.87% 0.51%
John Adams 1797–1801 -0.12% 0.05%
George Washington 1789–1797 2.12% 6.06%

The species of Presidential decision That influence National Debt

Presidents deserve to have a tremendous affect on the national debt. Castle can likewise have an impact on the debt in one more president’s term. When President Trump took office in January the 2017, because that the very first nine month of his presidency, he activate under chairman Obama’s budget plan which didn’t finish until September, 2017. Therefore for most of a new president’s an initial year in office, he no accountable for the spending the takes place. Together strange together this may seem, it’s actually by architecture to permit time for the new president to placed a budget plan together when in office.

Tax Cuts

One way presidents deserve to have an effect on the blame is through tax cuts. Tax cuts deserve to be a politically famous move because a president gets to tell the public they will have actually either more money in their paychecks or will get larger refunds as soon as filing their tax returns. What Americans may not realize is that a president might not have a arrangement to offset the shortfall in revenue, which outcomes in the federal government borrowing money and also increasing the debt.

Wars

A far less politics popular means presidents can affect the blame is by waging war. Tywin Lannister in video game of Thrones famously said, “Wars gulp down gold prefer a pit in the earth.” for the joined States, the battle in Afghanistan has been going on for 18+ years and accounts for some very significant increases in the national debt.

In terms of dollar amount, the two many recent wars, the battle in Iraq and also the war in Afghanistan, expense $805 billion and also $783 billion respectively. If you encompass interest, both wars account for around $2 sunshine being included to the nationwide debt.

Recessions

A third instance wherein the debt deserve to increase is during a recession. Interestingly, boost in the debt once not in a recession can increase the likelihood the a recession. The Congressional spending plan Office uncovered that a 1 percent increase in the debt raises interest rates 2-3 points. If attention rates continue to rise, it have the right to hamper financial growth, and three quarters of an unfavorable economic development is the very meaning of a recession. A president must very closely consider the results of financial policy throughout times of an adverse economic growth.

There space times when a president feels he has actually little choice but to rise the debt. The effects of the good Recession the 2008 definitely fit that category. The recession covered two presidencies, one Republican and also one Democratic. Each president took measures to stave off the recession’s results that had a tremendous impact on the debt.

George W. Bush’s financial institution bailout was initiated to save financial institutions from collapsing, causing deficits exceeding $1 trillion. Barack Obama’s economic stimulation package an unified a $212 billion taxation cut, a $296 billion growth of Medicaid and also unemployment benefits, and also $279 exchange rate in framework spending to assist Americans quiet reeling native the recession’s results on your financial well-being.

Working through Congress

The debt ceiling is part of a legislation (Title 31 the the United claims Code, ar 3101) the sets a legislative limit on the lot of national debt that deserve to be occurs by the U.S. Treasury. This borders how much money the federal government may borrow. The blame ceiling does no limit federal government deficits. It can only stop the Treasury native paying because that expenditures and other financial duties after the limit has actually been reached. This is whereby the problem comes in.

The procedure of setup the blame ceiling is different from the united States budget plan process. The elevating of the debt ceiling is one of those unique beasts the neither directly increases nor decreases the spending plan deficit. But, it can have a big effect on the debt since it straight involves the Treasury borrowing money.

When the debt ceiling is reached, the President and also Congress need to reach an agreement on raising it. If an agreement is reached, the government moves forward through paying that is obligations. If an commitment is not got to by the deadline, a government shut-down occurs until an commitment is reached.

Let’s take it a look in ~ the presidents whose decisions have the greatest effect, one of two people in dollars or percentage, top top the nationwide debt.

Presidents Who had actually The Greatest influence on national Debt

Abraham Lincoln

Abraham Lincoln is the chairman that included the best percentage rise to the U.S. National Debt. The level that debt enhanced from $90.6 million in 1857 come $2.68 billion in 1861, boost of 2859.4%.

These debts were produced in bespeak to money the American civil War and also laid the at an early stage seeds for just how the future the the banking mechanism would operate alongside commonwealth taxes, i m sorry were introduced to help fund the war efforts.

Martin van Buren

Coming right into office complying with Andrew Jackson, who had overseen a near eradication of national debt, Martin van Buren’s first year in the Oval office (1837) observed debt levels soar 798% - the second largest YoY increase in history. This is only preceded by his 2nd year in office, where debts boosted 882%.

A diminish of 66% in valve Buren’s fourth year is the main reason his full debt level were reduced than the of Abraham Lincoln’s. This retained the full increase down to a tho eye-watering 1458% increase, native $337k in 1837 to $5.25m in 1841.

Franklin Delano Roosevelt

President Roosevelt presided end the biggest percentage increase in the nationwide debt in modern history, but the third largest boost in Presidential history. Although the only included $236 billion, this to be a 1,048 percent increase from the $23 billion blame level left through Herbert Hoover.

The an excellent Depression levied a damaging hit to revenues, the brand-new Deal price billions that dollars, however what adhered to those two occasions was the second World War. That alone accounted for $209 exchange rate of the $236 billion added to the debt between 1942 and also 1945.

Woodrow Wilson

Woodrow Wilson to be the fourth largest contributor come the blame in terms of percentage. His $21 billion end the $2.9 billion blame of his predecessor, which might seem tiny compared to FDR, amounts to a 727 percent increase from his predecessor, william Howard Taft. Choose FDR, Wilson had a human being War to pay for.

However, a lesser-known milestone that the Wilson presidency, the second Liberty link Act, provided Congress the ideal to take on the national debt ceiling. This would certainly be something the Americans would come to be familiar with each successive president’s spending plan negotiations v Congress.

Ronald Reagan

President Reagan hold a solid fifth place through his 186 percent rise in the national debt. This is a an outcome of the Reagan administration’s attempts to stabilize the economic situation through the 1981 - 82 recession (also recognized as Reaganomics), which included $1.86 sunshine to nationwide Debt. The pillars of Reagan"s economic policy were cutting government spending, taxes cuts (income tax and capital gains), deregulation, and also tightening the money it is provided in bespeak to mitigate inflation.

Reagan"s supply-side financial policies (his adversaries referred to these plans as “trickle-down economics”) didn"t flourish the economic climate enough to balance out the lost revenue indigenous his taxation cuts. On optimal of these policies, Reagan additionally increased defense safety by 35 percent.

George W. Bush

President Bush added $6.1 sunshine to the country debt, the second-largest lot in dollars. This took national Debt native $5.8 trillion in 2001 to $11.9 trillion in 2009 a 105% percent increase.

Unlike Wilson and FDR, shrub presided over two simultaneous wars which to be initiated in an answer to the 9/11 attacks. The war in Afghanistan, which added $1.1 trillion, and also the Iraq War, at $1 trillion. This took army spending indigenous $306 billion in 2001 to $661 in 2009, a 117% increase.

On top of all this, Bush likewise dealt through two recessions. The recession that 2001 brought about two taxation cuts, one for people (The economic Growth and Tax Relief Reconciliation Act) and also one for businesses (Jobs and Growth tax Relief and also Reconciliation Act). The recession of 2008 brought about a $700 exchange rate bailout for banks and also financial institutions.

Barack Obama

President Obama holds the location for cultivation the national debt the many dollar-wise. In total, debt levels raised by $8.34 sunshine (70%), native $11.9 sunshine in 2009 come $20.2 sunshine in 2017. This makes him the President through the eleventh largest increase in national Debt in Presidential history.

Obama ongoing to struggle the an excellent Recession of 2008 v an $800+ billion financial stimulus package. Choose Reagan and Bush 43 prior to him, Obama instituted taxation cuts that included $858 exchange rate to the debt.

However, unlike Bush, Obama decreased spending on national defense by 9.42% and increased expenditure top top Veteran benefits the most, raising outlays by 85%. His biggest increase in security came v Social Security, whereby budgets boosted $262 billion.

Andrew Jackson

How the did it calls for some elevator on Jackson himaudioeditorfree.com. Prior to he was president, Andrew Jackson was a floor speculator from Tennessee. When a land deal he made walk bad and left the with enormous debt and some worthless paper notes, his hate of blame was formed. Once Jackson ran for president, the disliked banks as purveyors of debt and also the visibility of the nationwide debt itaudioeditorfree.com. He described it as the national curse.

To attack the debt, as his first step, Jackson started offering off the most beneficial thing the nation owned: land. Second, that vetoed every spending bill that came across his desk.

When Jackson take it office in 1829, the national debt was around $58 million. Through 1835 not only was the national debt paid off, the federal government ran a surplus. Unfortunately for Jackson, his vision that a debt-free America it s long a grand total of one year.

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Long before the federal Reserve was created, America had a national Bank, which Jackson promptly killed beforehand in his presidency. This left him with nowhere to placed the excess funds the federal government was amassing after that paid off the debt, so he redistributed the accumulation to the states. Quickly after that, a genuine estate balloon occured, which timeless popped, sending the country into recession, which timeless re-created a national debt.

Events & The sit President That adjusted Debt levels The most (since 1916)<6> chairman Outlay dat https://www.whitehouse.gov/omb/historical-tables/