Public Debt REALITY Check:

[supraTruth]

9/30/1st Yr. Outstanding Public Debt Increase
Eisenhower (1953): 266,071,061,638.57
22,899,876,971.48 8.61%
Kennedy/Johnson (1961): 288,970,938,610.05
64,749,315,231.36 22.41%
Nixon/Ford (1969): 353,720,253,841.41
345,119,746,158.59 97.57%
Carter (1977): 698,840,000,000.00
299,015,000,000.00 42.79%
Reagan (1981): 997,855,000,000.00
1,859,575,960,187.32 186.36%
HWB (1989): 2,857,430,960,187.32
1,554,057,922,952.06 54.39%
Clinton (1993): 4,411,488,883,139.38
1,395,974,529,060.68 31.64%
GWB (2001): 5,807,463,412,200.06
6,102,365,591,311.64 105.08%
Obama (2009): 11,909,829,003,511.70
3,676,245,566,529.00 30.87%
Today: 15,586,074,570,040.70

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm



& flipFLOP romney would only ESCALATE our PublicDebt to NEW ASStronomical heights!

[Owlet]

1. The link doesn't show that info.

And those percentages mean what? The math doesn't work.

[supraTruth]

3. The link most certainly does show the Public Debt $ that I posted;

the difference from the next year posted & the former divided by the former gives the % shown.

[Yo_Mama]

2. Here are some real numbers

Debt actually borrowed (outstanding debt)

46% of that is now owned by non-American interests.

Debt accumulated (gross, includes retirement funds of special obligation treasuries, aka trust funds, aka intragovernmental)


Both of these are somewhat outdated. The current totals through March 30th are here:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

Debt held by the public is 10.8 trillion; total government debt is 15.6 trillion.

In less than the 3 years and 3 months of the current president's term so far, the debt held by the public has increased by more than 3.5 trillion dollars.

However the reason it has increased by so much is mostly the bad economy. It has relatively little to do with who's in office. During the downswing of a recession, most of the additional spending and most of the loss of revenue is due to mandated stuff like unemployment and unavoidable stuff like people and companies that don't make money and so pay much less in the form of taxes.

Why even argue this way - it provides Obama's opponents a huge hammer, because in the first three years and 2 months of Bush's first term, total (gross) national debt increased by less than 1.5 trillion dollars - 24/25% to be exact, whereas for Obama total national debt increased by about 46%.

But the comparison is not realistic! And the first year when a president comes to office, just about everything that happens is determined by the previous administration's decisions, so why should we hang this on Obama's neck? Economists don't.

[supraTruth]

4. I used 9/30 of the 1st year of ea. Presidency because those are the dates given by the link,

& it is at least a base for that current Presidential term.

Compare President Obama to Reagan or GWB.

If what U & FIXEDnewsCORP's CONS say is true: "However the reason it has increased by so much is mostly the bad economy. It has relatively little to do with who's in office. During the downswing of a recession, most of the additional spending and most of the loss of revenue is due to mandated stuff like unemployment and unavoidable stuff like people and companies that don't make money and so pay much less in the form of taxes," try explaining RAYgun's terms to President Carter or President Obama's.

[supraTruth]

5. Top Income Tax Rates during Eisenhower's 8 YEARS ranged from 92% to 89%;

we should AT LEAST return to HALF those rates for those making more than $25MILLION/yr. after all legitimate deductions!

[girl gone mad]

6. The greatest scam ever pulled:

Convincing the American people to be frightened of a balance sheet, for absolutely no valid reason.