the national debt was 900 billion in 1980 ..that yr the fed gov received 517.1 billion in revenues ..
today the national debt is over 36 trillion and last yr the gov took in 4.9 trillion. nearly 10 times the amount taken in when the debt was less than a trillion .. tell us oh wise one why the debt is 36 times higher while tax revenues collected are 10 times higher ? answer .. over spending waste and abuse !
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In 1980, the national debt of the United States was approximately $908 billion. This figure reflected an ongoing trend of increasing government spending and was influenced by the economic conditions of the late 1970s. By 1979, the debt had already reached over $845 billion. The national debt continued to grow throughout the 1980s, reaching nearly $3 trillion by 1989.
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In fiscal year 1980, the U.S. federal government collected $517.1 billion in revenue
.
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In Fiscal Year (FY) 2024, the U.S. federal government collected approximately $4.9 trillion in revenue. This was 17% of the nation's gross domestic product (GDP). Individual income taxes were the largest source of revenue, accounting for roughly half of the total.
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As of May 2025, the total U.S. national debt is $36.21 trillion. This figure includes both debt held by the public and
intragovernmental debt.