The Gross National Debt

[Lasher]

White House data show the gross national debt hit a 47 year low just as President Reagan was taking office. It climbed steadily under Reagan and G.W.H. Bush, declined under Clinton and made a quick U-turn under G.W. Bush.

In 1981 the gross national debt, as a percent of the nation's annual income, reached its lowest point since 1931, 32.5%. It could have been paid off then easier than at any time in the previous 50 years.

http://zfacts.com/p/gross-national-debt.html

The gross federal debt now stands at 63.5% of GDP. Of that, 33.5 percentage points were contributed by Reagan-Bush, 6 points by G. W. Bush, and 6.1 points by printing money. The remaining 18 points are left over from WWII.