Debt
History from Johnson to Obama
It has gone from bad to worse
This
disservice to the American people has been going on for a while
$9.45 trillion squandered in interest in last 31 years
$454,000,000,000 in the last 12 months alone
Although President Clinton never ran a surplus he did get the deficit down to
$18 billion: $18,000,000,000
In just the last full year that President Bush was in office the deficit
went up over $1 trillion: $1,017,000,000,000
How did we go from $18 billion
deficit to over $1 trillion deficit?
|
President |
Year |
Debt
|
Interest/usury |
|
|
|
|
|
|
Johnson |
1968 |
$ 347,578,000,000 |
|
|
Johnson/Nixon |
1969 |
$ 353,720,000,000 |
|
|
Nixon |
1970 |
$ 370,918,000,000 |
$ 19,300,000,000 |
|
Nixon |
1971 |
$ 398,129,000,000 |
|
|
Nixon |
1972 |
$ 427,260,000,000 |
|
|
Nixon |
1973 |
$ 458,141,000,000 |
|
|
Nixon/Ford |
1974 |
$ 475,059,000,000 |
|
|
Ford |
1975 |
$ 533,189,000,000 |
|
|
Ford |
1976 |
$ 620,433,000,000 |
$ 37,100,000,000 |
|
Ford/Carter |
1977 |
$ 698,840,000,000 |
$ 41,900,000,000 |
|
Carter |
1978 |
$ 771,544,000,000 |
$ 48,700,000,000 |
|
Carter |
1979 |
$ 826,519,000,000 |
$ 59,800,000,000 |
|
Carter |
1980 |
$ 907,701,000,000 |
$ 74,900,000,000 |
|
Carter/Reagan |
1981 |
$ 997,855,000,000 |
$ 95,600,000,000 |
|
Reagan |
1982 |
$ 1,142,034,000,000 |
$117,400,000,000 |
|
Reagan |
1983 |
$ 1,377,210,000,000 |
$128,800,000,000 |
|
Reagan |
1984 |
$ 1,572,266,000,000 |
$153,800,000,000 |
|
Reagan |
1985 |
$ 1,823,103,000,000 |
$178,900,000,000 |
|
Reagan |
1986 |
$ 2,125,302,000,000 |
$190,200,000,000 |
|
Reagan |
1987 |
$ 2,350,276,000,000 |
$195,400,000,000 |
|
Reagan |
1988 |
$ 2,602,337,000,000 |
$214,100,000,000 |
|
Reagan/Bush |
1989 |
$ 2,857,430,000,000 |
$240,145,000,000 |
|
Bush |
1990 |
$ 3,233,313,000,000 |
$264,852,000,000 |
|
Bush |
1991 |
$ 3,665,303,000,000 |
$286,021,000,000 |
|
Bush |
1992 |
$ 4,064,620,000,000 |
$292,361,000,000 |
|
Bush/Clinton |
1993 |
$ 4,411,488,000,000 |
$292,502,000,000 |
|
Clinton |
1994 |
$ 4,692,749,000,000 |
$296,277,000,000 |
|
Clinton |
1995 |
$ 4,973,982,000,000 |
$332,413,000,000 |
|
Clinton |
1996 |
$ 5,224,810,000,000 |
$343,955,000,000 |
|
Clinton |
1997 |
$ 5,413,146,000,000 |
$355,795,000,000 |
|
Clinton |
1998 |
$ 5,526,193,000,000 |
$363,823,000,000 |
|
Clinton |
1999 |
$ 5,656,270,000,000 |
$353,511,000,000 |
|
Clinton |
2000 |
$ 5,674,200,000,000 |
$362,997,000,000 |
|
Clinton/Bush |
2001 |
$ 5,807,500,000,000 |
$359,507,000,000 |
|
Bush |
2002 |
$ 6,228,200,000,000 |
$332,536,000,000 |
|
Bush |
2003 |
$ 6,783,200,000,000 |
$318,148,000,000 |
|
Bush |
2004 |
$ 7,379,000,000,000 |
$322,566,000,000 |
|
Bush |
2005 |
$ 7,932,000,000,000 |
$352,350,000,000 |
|
Bush |
2006 |
$ 8,507,000,000,000 |
$405,872,000,000 |
|
Bush |
2007 |
$ 9,007,653,372,262 |
$429,977,000,000 |
|
Bush |
2008 |
$10,024,724,896,912 |
$451,154,049,950 |
|
Bush/Obama |
2009 |
$11,909,829,003,522 |
$383,071,000,000 |
|
Obama |
2010 |
$13,561,623,030,891 |
$413,954,000,000 |
|
Obama |
2011 |
$14,790,340,328,417 |
$454,393,280,417 |
Stopping this runaway debt and interest serves the “Common
Good”
The
National Debt on Sept 30 2011 (last day of fiscal year) $14,790,340,328,557
Interest
on $14.7 trillion @ 3.25% = $454,000,000,000
If the Federal Reserve Bank doubles the interest rate
Interest on $13.5 trillion @ 6.50% = $908,000,000,000