"It's a little hard for me to take criticism from folks about this recovery package after they presided over a doubling of the national debt." President Obama.
Hoven's Index for April 10, 2010
Federal debt held by the public, as percent of GDP:
Average from 1960 through 2000: 36.2%
In 2000 (after 6 years of a Republican-controlled Congress): 35.1%
In 2007 (last budget passed by Republican-controlled Congress): 36.9%
In 2008 (first budget passed by Democrat-controlled Congress): 40.8%
In 2009 (first year of Obama's stimulus): 53.0%
Projected for 2016, with Obama's proposals: 79.6%
Projected for 2020, with Obama's proposals: 90%
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