Public Debt Outstanding
|Clinton||$539,396,929.90 / Day approximately $2.01 per person per day|
|Bush||$1,568,359,722.35 / Day approximately $5.31 per person per day|
|Obama||$4,045,430,463.22 / Day approximately $13.10 per person per day|
Clinton’s second term is interesting, public debt seemed to be plateauing. The best fit for this is a second order polynomial, but I just can’t imagine that the slope would have gone negative if he had stayed in office. I suspect having a combative Congress contributed to that trend.
Bush and Obama’s curves are both pretty much exponential. If this is the case we should expect Obama’s second term (if he has one) to close with the total public debt near $27 Trillion, or roughly $81,800 per person.
With this small sample size it seems that the rate of increase of the public debt increases three-fold when a new President is elected. However since the sample size is so small this cannot be reliably predicted.
After adding in the party control of the Senate there is an interesting trend.
While few Republican controlled Senates have much success in reducing the rate of the debt increase, the rate of the debt increase has increased only under a Democrat controlled Senate.