The highest deficits, as a percentage of spending, came in 1943 during World War II, when 69.5 percent of spending was debt financed.
In 1985, during when Ronald Reagan was president, the gap was 22.4 percent, and the deficit gap never fell below 11 percent under his watch.
In 1995, during the Clinton Administration, the gap was 10.8 percent. The budget would actually enjoy four years of surplus at the end of his tenure, reaching a high point with revenues exceeding spending by 13.2 percent in 2000.
In 2005 under George W. Bush, deficit spending accounted for 12.9 percent of outlays.
The 2009 budget, passed during Bush’s final months in office and altered when Obama took over, saw spending exceed revenues by 40.2 percent.
http://www.politifact.com/virginia/...ott-rigell-says-united-states-borrows-more-4/
In 1985, during when Ronald Reagan was president, the gap was 22.4 percent, and the deficit gap never fell below 11 percent under his watch.
In 1995, during the Clinton Administration, the gap was 10.8 percent. The budget would actually enjoy four years of surplus at the end of his tenure, reaching a high point with revenues exceeding spending by 13.2 percent in 2000.
In 2005 under George W. Bush, deficit spending accounted for 12.9 percent of outlays.
The 2009 budget, passed during Bush’s final months in office and altered when Obama took over, saw spending exceed revenues by 40.2 percent.
http://www.politifact.com/virginia/...ott-rigell-says-united-states-borrows-more-4/