President Ronald Reagan
Days in Office: 2,922
THE DEBT WENT UP BUT THE ECONOMY WENT UP MORE
Jan. 20, 1981-debt- $934,073,000,000 –GDP-$2,659,400,000,000
Jan. 20, 1989-debt- $2,697,957, 000,000-GDP-$5,581,700,000,000
GDP INCREASE-$2,883,743,000,000
FOR YOU DEMOCRATS-THAT MEANS THE ECONOMY MORE THAN DOUBLED
Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990.
Revenues from individual income taxes climbed from just over $244 billion in 1980 to nearly $467 billion in 1990.
During Reagan’s two terms unemployment dropped to under 5%, as the economy created over 19 million new jobs. Meanwhile, revenues to the Treasury doubled during his two terms, due to the tremendous economic growth. By this point in 1984, the Reagan economy was adding 360,000 jobs per month with a population of 85 million less than today.
The 4 million jobs Obama likes to brag about adding since he took office, Reagan’s economy added in the year 1984 alone