Posted on Jun 30, 2018
Government - Historical Debt Outstanding - Annual 2000 - 2017
1.99K
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https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
Reading the BS about the debt and how Trump will crush the coffers and bankrupt us. I did not see the same individuals posting during the last administrations push for social justice and socialistic type society. So to set the record straight let's look at the governments outstanding debt by end of fiscal years. The debt on 1 Jan 2009 was approximately $10.6 trillion and at the end of the hope and change it was parked just shy of $19.6 trillion. In short for those that are predicting doom the total was $9 trillion. If you are not following the numbers- that is just shy of the entire debt amassed by the previous 43 administrations COMBINED. The National debt is currently climbing towards $21.2 trillion- or an additional $1.6 trillion in two years. I will remind you many programs are still in place- the biggest glut being ObamaCare as out lined here: https://www.forbes.com/sites/johnmauldin/2016/11/02/thanks-to-obamacare-government-debt-is-worse-than-you-think/#57f3890815f9
There are so many other social programs that just need to end. The tax cuts were imposed to force Congress to make decisions on this and what do we get- Mueller probes and wide spread panic over illegal aliens. We also get a gun control panic in there every few months. All designed to divert your attention from the real issues. Most of you that read my posts know I am not a fan of media- there are a few valuable sources, but as an auditor I want to see your facts- show me your proof not your opinion. We have a few posters here that contribute daily and numerous times a day and furnish information that is complete crap, but fits their argument. What shocks me- is you have served. You have to know how to find the truth- even when it doesn't agree with your point of view. I posted this merely to vent- not pointing fingers directly. Seriously odd times we live in. Wake up- educate yourself and talking to the right and the left. I am sure there will be a few that try to refute what is here- but these are facts based on true numbers.
Reading the BS about the debt and how Trump will crush the coffers and bankrupt us. I did not see the same individuals posting during the last administrations push for social justice and socialistic type society. So to set the record straight let's look at the governments outstanding debt by end of fiscal years. The debt on 1 Jan 2009 was approximately $10.6 trillion and at the end of the hope and change it was parked just shy of $19.6 trillion. In short for those that are predicting doom the total was $9 trillion. If you are not following the numbers- that is just shy of the entire debt amassed by the previous 43 administrations COMBINED. The National debt is currently climbing towards $21.2 trillion- or an additional $1.6 trillion in two years. I will remind you many programs are still in place- the biggest glut being ObamaCare as out lined here: https://www.forbes.com/sites/johnmauldin/2016/11/02/thanks-to-obamacare-government-debt-is-worse-than-you-think/#57f3890815f9
There are so many other social programs that just need to end. The tax cuts were imposed to force Congress to make decisions on this and what do we get- Mueller probes and wide spread panic over illegal aliens. We also get a gun control panic in there every few months. All designed to divert your attention from the real issues. Most of you that read my posts know I am not a fan of media- there are a few valuable sources, but as an auditor I want to see your facts- show me your proof not your opinion. We have a few posters here that contribute daily and numerous times a day and furnish information that is complete crap, but fits their argument. What shocks me- is you have served. You have to know how to find the truth- even when it doesn't agree with your point of view. I posted this merely to vent- not pointing fingers directly. Seriously odd times we live in. Wake up- educate yourself and talking to the right and the left. I am sure there will be a few that try to refute what is here- but these are facts based on true numbers.
Edited 6 y ago
Posted 6 y ago
Responses: 6
Edited 6 y ago
Posted 6 y ago
Thank you my friend Maj Marty Hogan. The best approaches compared National Debt to GDP since the GDP is an indicator of productivity and that is what helps keep the dollar strong on the world market.
Needless to say it takes time to calculate federal debt and GDP accurately.
One things that seems certain is that the first $20 trillion debt was obligated prior to Donald Trump being President. The $1 trillion debt that has ben added under his watch can be attributed to him even as the previous $10 trillion of national debt was incurred under former POTOS Obama watch. When he came into office the national debt was approximately $10 trillion and it grew to approximately $20 trillion by the time he left office..
Image: US_Federal_Debt_as_Percent_of_GDP_by_President_(1940_to_2015); Change in Debt from taking office
Thanks for mentioning me SFC Joe S. Davis Jr., MSM, DSL
FYI LTC Stephen C. LTC Orlando Illi Maj Bill Smith, Ph.D. Maj William W. 'Bill' Price CPT Jack Durish Capt Tom Brown CMSgt (Join to see) MSG Andrew White SFC William Farrell SGT (Join to see) Sgt Albert Castro SSG David Andrews Sgt Randy Wilber Sgt John H. CPL Dave Hoover SGT Mark Halmrast SPC Margaret Higgins PO1 William "Chip" Nagel
Needless to say it takes time to calculate federal debt and GDP accurately.
One things that seems certain is that the first $20 trillion debt was obligated prior to Donald Trump being President. The $1 trillion debt that has ben added under his watch can be attributed to him even as the previous $10 trillion of national debt was incurred under former POTOS Obama watch. When he came into office the national debt was approximately $10 trillion and it grew to approximately $20 trillion by the time he left office..
Image: US_Federal_Debt_as_Percent_of_GDP_by_President_(1940_to_2015); Change in Debt from taking office
Thanks for mentioning me SFC Joe S. Davis Jr., MSM, DSL
FYI LTC Stephen C. LTC Orlando Illi Maj Bill Smith, Ph.D. Maj William W. 'Bill' Price CPT Jack Durish Capt Tom Brown CMSgt (Join to see) MSG Andrew White SFC William Farrell SGT (Join to see) Sgt Albert Castro SSG David Andrews Sgt Randy Wilber Sgt John H. CPL Dave Hoover SGT Mark Halmrast SPC Margaret Higgins PO1 William "Chip" Nagel
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Posted 6 y ago
Maj Marty Hogan a profound read and statement with factual numbers to substantiate the read/share of the most informative. Great read...…
PO1 Tony Holland SFC William Farrell PO1 William "Chip" Nagel SMSgt Minister Gerald A. "Doc" Thomas SGT (Join to see) SGT Philip Roncari SPC Margaret Higgins SGT David A. 'Cowboy' Groth SP5 Michael Rathbun CW5 Jack Cardwell]] COL Mikel J. Burroughs ] CPL Dave Hoover SFC Shirley Whitfield SPC Jovani Daviu LTC Stephen F. SGT Jim Arnold SSG William Jones MSgt Ken "Airsoldier" Collins-Hardy Capt Dwayne Conyers
PO1 Tony Holland SFC William Farrell PO1 William "Chip" Nagel SMSgt Minister Gerald A. "Doc" Thomas SGT (Join to see) SGT Philip Roncari SPC Margaret Higgins SGT David A. 'Cowboy' Groth SP5 Michael Rathbun CW5 Jack Cardwell]] COL Mikel J. Burroughs ] CPL Dave Hoover SFC Shirley Whitfield SPC Jovani Daviu LTC Stephen F. SGT Jim Arnold SSG William Jones MSgt Ken "Airsoldier" Collins-Hardy Capt Dwayne Conyers
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