This Progressive Democrat President Inflated the National Debt a Whopping 722%

By Jenn Boozer August 7, 2024

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This Progressive Democrat President Inflated the National Debt a Whopping 722% — © sutlafk / iStock via Getty Images

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We used data from the U.S. Treasury Department.
A lot of debt occurs due to a lack of tracking the budget properly.
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As we approach the presidential election, the national debt is a hot topic. It is currently at an all-time high, reaching $36.4 trillion. The interest alone on the debt equals $870 billion, with an expected increase to $12.4 trillion in the next ten years or so. Despite this high-interest fee, money hasn’t stopped money from being spread thin. The planned defense budget in 2024 is $822 billion.

It’s worth mentioning that these numbers alone cannot be held against the president. For example, the president in the number one position on this list was in office during World War I, and this event caused the national debt to increase at substantial rates. Even the second-highest president on this list served during a difficult time, often called the Great Depression, when everyone was struggling. Sometimes, other parties besides the president can cause changes to the debt, especially when their actions influence GDP growth, which is why it’s important to pick Senators who do a lot while in office.

Debt doesn’t just appear; frivolous spending by federal agencies and not tracking budgets leads to misuse of taxpayer funds. Additionally, the fact that only two of the presidents on this list had a decrease in debt signifies that this is a serious issue that people and the government need to address.

All the information below and the numbers above were pulled from the U.S. Treasury Department. Focusing only on the presidents from the 20th and 21st centuries, consider the ones who worked hard to decrease the budget and those who played a pivotal role in making it as high as it is in 2024.

Why It Matters

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With higher national debts come high borrowing costs. This means that a lot of money is going towards interest payments instead of important funding that benefits the public, such as research, education, and infrastructure. The higher national debt also means that the government is more limited in what they’re able to do in times of crises and must resort to cutting back on social safety net programs to make ends meet. The budget is the chief responsibility of Congress and the President, and people need to understand what some presidents have done with this budget.

21. Calvin Coolidge (in office from 1923–1929)

Avg. annual change in national debt, fiscal 1923-1929: -4.5% (-$903.1 million)
Total change in national debt, fiscal 1923-1929: -24.2% (-$5.4 billion)
National debt at the end of fiscal 1929: $16.9 billion
National debt at the end of fiscal 1923: $22.3 billion
Party affiliation: Republican

20. Warren G. Harding (in office from 1921–1923)

Avg. annual change in national debt, fiscal 1921-1923: -3.5% (-$813.9 million)
Total change in national debt, fiscal 1921-1923: -6.8% (-$1.6 billion)
National debt at the end of fiscal 1923: $22.3 billion
National debt at the end of fiscal 1921: $24.0 billion
Party affiliation: Republican

19. Harry S. Truman (in office from 1945–1953)

Avg. annual change in national debt, fiscal 1945-1953: +0.4% (+$923.6 million)
Total change in national debt, fiscal 1945-1953: +2.9% (+$7.4 billion)
National debt at the end of fiscal 1953: $266.1 billion
National debt at the end of fiscal 1945: $258.7 billion
Party affiliation: Democratic

18. Dwight D. Eisenhower (in office from 1953–1961)

Avg. annual change in national debt, fiscal 1953-1961: +1.0% (+$2.9 billion)
Total change in national debt, fiscal 1953-1961: +8.6% (+$22.9 billion)
National debt at the end of fiscal 1961: $289.0 billion
National debt at the end of fiscal 1953: $266.1 billion
Party affiliation: Republican

17. Lyndon B. Johnson (in office from 1963–1969)

Avg. annual change in national debt, fiscal 1963-1969: +2.5% (+$8.0 billion)
Total change in national debt, fiscal 1963-1969: +15.6% (+$47.9 billion)
National debt at the end of fiscal 1969: $353.7 billion
National debt at the end of fiscal 1963: $305.9 billion
Party affiliation: Democratic

16. William Howard Taft (in office from 1909–1913)

Avg. annual change in national debt, fiscal 1909-1913: +2.5% (+$69.2 million)
Total change in national debt, fiscal 1909-1913: +10.5% (+$276.7 million)
National debt at the end of fiscal 1913: $2.9 billion
National debt at the end of fiscal 1909: $2.6 billion
Party affiliation: Republican

15. Theodore Roosevelt (in office from 1901–1909)

Avg. annual change in national debt, fiscal 1901-1909: +2.6% (+$62.0 million)
Total change in national debt, fiscal 1901-1909: +23.2% (+$496.2 million)
National debt at the end of fiscal 1909: $2.6 billion
National debt at the end of fiscal 1901: $2.1 billion
Party affiliation: Republican

14. John F. Kennedy (in office from 1961–1963)

Avg. annual change in national debt, fiscal 1961-1963: +2.9% (+$8.4 billion)
Total change in national debt, fiscal 1961-1963: +5.8% (+$16.9 billion)
National debt at the end of fiscal 1963: $305.9 billion
National debt at the end of fiscal 1961: $289.0 billion
Party affiliation: Democratic

13. William J. Clinton (in office from 1993–2001)

Avg. annual change in national debt, fiscal 1993-2001: +3.5% (+$174.5 billion)
Total change in national debt, fiscal 1993-2001: +31.6% (+$1.4 trillion)
National debt at the end of fiscal 2001: $5.8 trillion
National debt at the end of fiscal 1993: $4.4 trillion
Party affiliation: Democratic

12. Richard M. Nixon (in office from 1969–1974)

Avg. annual change in national debt, fiscal 1969-1974: +6.1% (+$24.3 billion)
Total change in national debt, fiscal 1969-1974: +34.3% (+$121.3 billion)
National debt at the end of fiscal 1974: $475.1 billion
National debt at the end of fiscal 1969: $353.7 billion
Party affiliation: Republican

11. Barack Obama (in office from 2009–2017)

Avg. annual change in national debt, fiscal 2009-2017: +6.9% (+$1.0 trillion)
Total change in national debt, fiscal 2009-2017: +70.0% (+$8.3 trillion)
National debt at the end of fiscal 2017: $20.2 trillion
National debt at the end of fiscal 2009: $11.9 trillion
Party affiliation: Democratic

10. Herbert Hoover (in office from 1929–1933)

Avg. annual change in national debt, fiscal 1929-1933: +7.4% (+$1.4 billion)
Total change in national debt, fiscal 1929-1933: +33.1% (+$5.6 billion)
National debt at the end of fiscal 1933: $22.5 billion
National debt at the end of fiscal 1929: $16.9 billion
Party affiliation: Republican

9. Joseph R. Biden Jr. (in office from 2021–present)

Avg. annual change in national debt, fiscal 2021-2023: +8.0% (+$2.4 trillion)
Total change in national debt, fiscal 2021-2023: +16.7% (+$4.7 trillion)
National debt at the end of fiscal 2023: $33.2 trillion
National debt at the end of fiscal 2021: $28.4 trillion
Party affiliation: Democratic

8. Donald J. Trump (in office from 2017–2021)

Avg. annual change in national debt, fiscal 2017-2021: +8.9% (+$2.0 trillion)
Total change in national debt, fiscal 2017-2021: +40.4% (+$8.2 trillion)
National debt at the end of fiscal 2021: $28.4 trillion
National debt at the end of fiscal 2017: $20.2 trillion
Party affiliation: Republican

7. Jimmy Carter (in office from 1977–1981)

Avg. annual change in national debt, fiscal 1977-1981: +9.3% (+$74.8 billion)
Total change in national debt, fiscal 1977-1981: +42.8% (+$299.0 billion)
National debt at the end of fiscal 1981: $997.9 billion
National debt at the end of fiscal 1977: $698.8 billion
Party affiliation: Democratic

6. George W. Bush (in office from 2001–2009)

Avg. annual change in national debt, fiscal 2001-2009: +9.4% (+$762.8 billion)
Total change in national debt, fiscal 2001-2009: +105.1% (+$6.1 trillion)
National debt at the end of fiscal 2009: $11.9 trillion
National debt at the end of fiscal 2001: $5.8 trillion
Party affiliation: Republican

5. George H.W. Bush (in office from 1989–1993)

Avg. annual change in national debt, fiscal 1989-1993: +11.5% (+$388.5 billion)
Total change in national debt, fiscal 1989-1993: +54.4% (+$1.6 trillion)
National debt at the end of fiscal 1993: $4.4 trillion
National debt at the end of fiscal 1989: $2.9 trillion
Party affiliation: Republican

4. Gerald R. Ford (in office from 1974–1977)

Avg. annual change in national debt, fiscal 1974-1977: +13.7% (+$74.6 billion)
Total change in national debt, fiscal 1974-1977: +47.1% (+$223.8 billion)
National debt at the end of fiscal 1977: $698.8 billion
National debt at the end of fiscal 1974: $475.1 billion
Party affiliation: Republican

3. Ronald Reagan (in office from 1981–1989)

Avg. annual change in national debt, fiscal 1981-1989: +14.1% (+$232.4 billion)
Total change in national debt, fiscal 1981-1989: +186.4% (+$1.9 trillion)
National debt at the end of fiscal 1989: $2.9 trillion
National debt at the end of fiscal 1981: $997.9 billion
Party affiliation: Republican

2. Franklin D. Roosevelt (in office from 1933–1945)

Avg. annual change in national debt, fiscal 1933-1945: +22.6% (+$19.7 billion)
Total change in national debt, fiscal 1933-1945: +1,047.7% (+$236.1 billion)
National debt at the end of fiscal 1945: $258.7 billion
National debt at the end of fiscal 1933: $22.5 billion
Party affiliation: Democratic

1. Woodrow Wilson (in office from 1913–1921)

Avg. annual change in national debt, fiscal 1913-1921: +30.1% (+$2.6 billion)
Total change in national debt, fiscal 1913-1921: +722.2% (+$21.1 billion)
National debt at the end of fiscal 1921: $24.0 billion
National debt at the end of fiscal 1913: $2.9 billion
Party affiliation: Democratic