Annual US Deficits, Debt and Tax Rates 1978-2009

[ErikJ]

For the Record:

ANNUAL US BUDGET DEFICITS/SURPLUSES, NATIONAL DEBT and TOP TAX RATES 1978-2009

---------------------
CARTER
FY 1978- 59.2 Billion Deficit-
FY 1979- 40.7 Billion Deficit-
FY 1980- 73.8 Billion Deficit
FY 1981- 79 Billion Deficit

----------------------TOTAL NATIONAL DEBT ~$1 Trillion
REAGAN
FY 1982- 128.0 Billion Deficit (record)-------(top tax rate CUT 70%>50%)
FY 1983- 207.0 Billion Deficit (record)
FY 1984- 185.4 Billion Deficit
FY 1985- 212.3 Billion Deficit(record)

FY 1986- 221.2 Billion Deficit(record)-
FY 1987- 149.7 Billion Deficit----------------(top tax rate CUT 50%>38%)
FY 1988- 155.2 Billion Deficit----------------(top tax rate CUT 38%>28%)
FY 1989- 152.6 Billion Deficit-

----------------------- TOTAL NATIONAL DEBT ~$3 TRILLION (+300%)
BUSH SR.
FY 1990- 221.0 Billion Deficit---------------(top tax rate RAISED 28%>31%)
FY 1991- 269.2 Billion Deficit(record)
FY 1992- 290.3 Billion Deficit(record
FY 1993- 255.1 Billion Deficit

-------------------------TOTAL NATIONAL DEBT ~$5 TRILLION-(+166%)
CLINTON
FY 1994- 203.2 Billion Deficit--------------(top tax rate RAISED 31% >39%)
FY 1995- 164.0 Billion Deficit
FY 1996- 107.4 Billion Deficit
FY 1997- 21.9 Billion Deficit

FY 1998- 69.3 Billion SURPLUS
FY 1999- 125.6 Billion SURPLUS
FY 2000- 236.2 Billion SURPLUS
FY 2001- 128.2 Billion SURPLUS

---------------------------TOTAL NATIONAL DEBT ~$5.5 TRILLION (+110%)
BUSH JR.
FY 2002- 157. 8 Billion Deficit
FY 2003- 377.6 Billion Deficit (record)------------(top tax rate CUT 39%>35%)
FY 2004- 412.7 Billion Deficit (record)------ (2nd Bush Tax CUTS for rich)
FY 2005- 318.3 Billion Deficit
FY 2006- 248.2 Billion Deficit
FY 2007- 160.7 Billion Deficit
FY 2008- 458.6 Billion Deficit (record)
FY 2009- 1.413 TRILLION Deficit(record)

---------------------------TOTAL NATIONAL DEBT ~$11 TRILLION (+200%)

Source: CBO - Congressio­nal Budget Office - Historical Data
(search for "cbo doc10871 historical­" for proof)”

[underpants]

1. Great info but remember that Bush kept the Iraq war off the budget

all of the costs were not a part of the budget until Obama took office.

The Bush travesty is UNDERstated

[ErikJ]

3. And Obama added it

so that's another reason Obama has high deficits, even though his 2010 deficit was $200 billion less than Bush's last 2009 budget.

But the GOP has completely brainwashed their sheep that Obama has tripled the debt and has added more debt than all Presidents combined. Even Palin or Bachmann said it the other day.

[xchrom]

2. Recommend

[Auntie Bush]

4. Someone should send this to Palin and Bachmann.

We Dems should send it to every Rethug we know.

[kentuck]

5. Bookmark for future reference...

These are the most accurate numbers depicted in regards to debt and deficits

[ErikJ]

6. It took a while

to put all the info together, but next I might add some of the major expenses like Bush's wars, Medicare Pt. D, Reagan's star wars etc, ultimately with all the numbers.

[MissMarple]

7. Thank you. Great information.