At The End Of George Bush's Last Budget The Annual Interest On The National Debt Was

Discussion in 'Politics' started by Cammmpbell, Jan 25, 2012.

  1. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    $450,000,000,000

    For comparison we spend $100,000,000,000 on education and less than that on the infrastructure.

    The Reagan-Bushes debt has all but ruined America:

    Total U S Debt


    09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

    09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

    09/30/2007 $9,007,653,372,262.48
    09/30/2006 $8,506,973,899,215.23
    09/30/2005 $7,932,709,661,723.50
    09/30/2004 $7,379,052,696,330.32

    09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2002 $6,228,235,965,597.16

    09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

    09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

    09/30/1998 $5,526,193,008,897.62
    09/30/1997 $5,413,146,011,397.34
    09/30/1996 $5,224,810,939,135.73
    09/29/1995 $4,973,982,900,709.39
    09/30/1994 $4,692,749,910,013.32

    09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

    09/30/1992 $4,064,620,655,521.66
    09/30/1991 $3,665,303,351,697.03
    09/28/1990 $3,233,313,451,777.25
    09/29/1989 $2,857,430,960,187.32
    09/30/1988 $2,602,337,712,041.16
    09/30/1987 $2,350,276,890,953.00
    09/30/1986 $2,125,302,616,658.42
    09/30/1985 $1,823,103,000,000.00
    09/30/1984 $1,572,266,000,000.00
    09/30/1983 $1,377,210,000,000.00

    09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

    09/30/1981 $997,855,000,000.00
     
    • Thank You! Thank You! x 1
    Last edited: Jan 26, 2012
  2. imbalance
    Offline

    imbalance Silver Member

    Joined:
    Jun 30, 2011
    Messages:
    1,202
    Thanks Received:
    163
    Trophy Points:
    98
    Location:
    Miami
    Ratings:
    +163
    [​IMG]
     
  3. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,938
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,678
    Don't worry. Obama is in the process of fixing that and this summer should be the "Summer of Recovery".
     
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    facts dont mean much to the rights blind rabble
     
  5. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    That's a serious case of alzheimers the OP has.
     
  6. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    In fact the Right would rather see huge national debts with astronomical annual interest payments than to endure a 40% tax rate. If all the people in this country who earned more than $250,000 a year paid their fair share we could knock out the national debt in a few years.....the way we did after the second world war.

    The problem is that even though the rich were the benefactors of the enormous debts run up by Reagan and the Bushes they actually feel like the're entitled to it. Hell.....in the old days entitlements went to the elderly, the poor, the mental patients and hungry children. Turns out the same clique who feels like their 60 inch flat screen, Ipad and new Mercedes take a higher priority than patriotism are the ones who feel entitled. They don't even consider the possibility that they might be needed in one of the political wars started unnecessarily by their fearless leaders.
     
    • Thank You! Thank You! x 1
  7. Decepticon
    Offline

    Decepticon BANNED

    Joined:
    Jan 11, 2012
    Messages:
    1,138
    Thanks Received:
    189
    Trophy Points:
    0
    Ratings:
    +189
    Man...repeating an already posted weak-sauce non-response?
    How pathetic is that?

    Funny how when someone posts objective reality, CONZ have such a tough time dealing with it.

    Since a big part of these deficits were because of tax cuts, perhaps you should decide what you like least and stick to it. Either stick to running deficits or give up the tax cuts.
    You can't have your cake and eat it too.
     
  8. StevenC
    Offline

    StevenC VIP Member

    Joined:
    Aug 14, 2009
    Messages:
    782
    Thanks Received:
    129
    Trophy Points:
    78
    Ratings:
    +179
    Got any proof to back up this claim?
     
  9. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    Total U S Debt


    09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

    09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

    09/30/2007 $9,007,653,372,262.48
    09/30/2006 $8,506,973,899,215.23
    09/30/2005 $7,932,709,661,723.50
    09/30/2004 $7,379,052,696,330.32

    09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2002 $6,228,235,965,597.16

    09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

    09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

    09/30/1998 $5,526,193,008,897.62
    09/30/1997 $5,413,146,011,397.34
    09/30/1996 $5,224,810,939,135.73
    09/29/1995 $4,973,982,900,709.39
    09/30/1994 $4,692,749,910,013.32

    09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

    09/30/1992 $4,064,620,655,521.66
    09/30/1991 $3,665,303,351,697.03
    09/28/1990 $3,233,313,451,777.25
    09/29/1989 $2,857,430,960,187.32
    09/30/1988 $2,602,337,712,041.16
    09/30/1987 $2,350,276,890,953.00
    09/30/1986 $2,125,302,616,658.42
    09/30/1985 $1,823,103,000,000.00
    09/30/1984 $1,572,266,000,000.00
    09/30/1983 $1,377,210,000,000.00

    09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

    09/30/1981 $997,855,000,000.00
     
  10. Old_Liberal
    Offline

    Old_Liberal Member

    Joined:
    Jan 20, 2012
    Messages:
    78
    Thanks Received:
    11
    Trophy Points:
    6
    Location:
    South
    Ratings:
    +11
    Bush Jr. tax cuts just increased debt, and we were waging two wars that in the past would have been paid for by increased taxes.

    So Obama comes into office as Bush is pumping money into bailing out the deregulated banks, and he continues it. He is told the entire economy could collapse if not for an intervention.

    Obama then tries injecting money and tax cuts to stimulate, but alas, this isn't the same economic model that responded to gov't injection of money to stimulate demand. We no longer have those thousands of factories here that could call back their workers. Nope, that engine offshored. Some of that stimulas money did help offshored manufacturers, communist chinese factories and Wal mart. Only when a consumption based economy depends upon american workers does deficet spending stimulate. That Keynesian idea is moot with our new economic model.

    So, the economy crashed and we have depression ear unemployment levels and underemployment levels that are straining social safety nets, adding to the debt, and this is laid at Obama's feet. Guesswhat? Debt always goes up in recessions, and Obama is not immune from that historical fact. But the right is dishonest and spins this in a very dishonest way. They are dishonest people.

    So let's vote republican and give the rule back to those jackwags, and let them finish off the middle class, so it's tiny once again. Only then will the people finally see this party is a clear and present danger to the survival of our middle class. But you will have more liberty!!!!!!
     

Share This Page