Chart
President | Accumulated Budget Deficit (in trillions of dollars) | Notable Causes |
Ronald Reagan | $2.9 | Increased defense spending, tax cuts, and economic recession |
George H.W. Bush | $1.5 | Economic recession, Gulf War |
Bill Clinton | $1.4 | Economic growth, budget control measures, surplus in later years |
George W. Bush | $5.9 | Tax cuts, wars in Afghanistan and Iraq, financial crisis |
Barack Obama | $9.1 | Economic recession, stimulus measures, tax cuts |
Donald Trump | $6.9 | Increased spending, tax cuts, COVID-19 relief measures |
Please note that this table provides a simplified summary and there may be additional factors contributing to the budget deficits during each presidency.
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