The actual debt increased every year from 1992 ti present. Clinton just slowed down the spending a little bit, but the debt rose $1.6T while he was in office. More a result of tne good business economy than Clinton skills.
1992 $4,065
1993 $4,411 Omnibus Budget Reconciliation Act
1994 $4,693 Clinton budgets
1995 $4,974
1996 $5,225 Welfare reform
1997 $5,413
1998 $5,526 Long-Term Capital Management crisis; recession
1999 $5,656 Glass-Steagall Act repealed
2000 $5,674 Budget surplus
2001 $5,807 9/11 attacks; Economic Growth and Tax Relief Reconciliation Act
2002 $6,228 War on Terror
2003 $6,783 Jobs and Growth Tax Relief Reconciliation Act; second Iraq War
2004 $7,379 Second Iraq War
2005 $7,933 Bankruptcy Act; Hurricane Katrina
2006 $8,507 Bernanke chaired Fed
2007 $9,008 Banks crisis
2008 $10,025 Bank bailouts; quantitative easing (QE)
2009 $11,910 Bailout cost $250 billion; American Recovery and Reinvestment Act (ARRA) added $242 billion
2010 $13,562 ARRA added $400B; payroll tax holiday ended; Obama tax cuts; Affordable Care Act; Simpson-Bowles debt reduction plan
2011 $14,790 Debt crisis, recession, and tax cuts reduced revenue
2012 $16,066 Fiscal cliff
2013 $16,738 Sequester; government shutdown
2014 $17,824 QE ended; debt ceiling crisis
2015 $18,151 Oil prices fell
2016 $19,573 Brexit
2017 $20,245 Congress raised the debt ceiling
2018 $21,516 Trump tax cuts
2019 $22,719 Trade wars
2020 $26,945 COVID-19 and recession
2021 $28,428 COVID-19 and American Rescue Plan Act
2022 $30,928 Inflation Reduction Act
2023 $33,167 Rising interest rates
2024 $35,464 Credit rating downgrade
2025 $36,215 One Big Beautiful Bill signed into law
Source: U.S. Treasury
15
Message Thread
![]()
« Back to index