#1
Giant Nontypical
Join Date: Mar 2007
Location: Comanche Co., OK
Posts: 8,889
The US National Debt by Year
Take a look at the national debt by year. WhenReagan took office in 1980, the US national debt wasless than one trillion dollars after 200 years. Last September the national debt stood at just over 9 trillion dollars. About two trillion of that amount was accrued under Clinton.
Reagan,Bush I, Clinton andBush IIhave added8 trillion dollars to the US national debt.
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
#2
Banned
Join Date: Nov 2007
Location:
Posts: 1,212
RE: The US National Debt by Year
It's still not that high although that's not counting future payments for SS and Medicare. Look at ***an's debt.
Almost 200% of their GDP.
#3
Boone & Crockett
Join Date: Nov 2003
Location: Virginia
Posts: 13,219
RE: The US National Debt by Year
Now, who can define "national debt"?
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#4
Dominant Buck
Join Date: Feb 2003
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: The US National Debt by Year
Does that take in account inflation?
__________________Unintended consequences and God have one thing in common: Liberals don’t believe in either of them. J.F.K. hated liberals.
#5
Giant Nontypical
Join Date: Mar 2006
Posts: 7,278
RE: The US National Debt by Year
Quote:
ORIGINAL: burniegoeasily
reagan's 2trillion debt is worth what, in 2008 dollars ?
today's 9 trillion debt is worth what, in 1988 dollars ?
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#6
Dominant Buck
Join Date: Feb 2003
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: The US National Debt by Year
Quote:
ORIGINAL: bergall
Quote:
ORIGINAL: burniegoeasily
reagan's 2trillion debt is worth what, in 2008 dollars ?
That is what id be interested in seeing.
__________________Unintended consequences and God have one thing in common: Liberals don’t believe in either of them. J.F.K. hated liberals.
#7
Giant Nontypical
Join Date: Mar 2006
Posts: 7,278
RE: The US National Debt by Year
Quote:
ORIGINAL: burniegoeasily
Quote:
ORIGINAL: bergall
Quote:
ORIGINAL: burniegoeasily
reagan's 2trillion debt is worth what, in 2008 dollars ?
That is what id be interested in seeing.
Yes, it'd be nice to compare apples with apples.
The English settlers in Massachussetts began shooting at the Queen's troops over a tax amounting to
1/10 of 1 penny. What's that in 2008 dollars ? C'mon out there....is there anyone out there with an
algorhythm for this calculation ?
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#8
Guest
RE: The US National Debt by Year
Quote:
ORIGINAL: burniegoeasily
Quote:
ORIGINAL: bergall
Quote:
ORIGINAL: burniegoeasily
reagan's 2trillion debt is worth what, in 2008 dollars ?
That is what id be interested in seeing.
Ask and ye shall recieve:
9 trillion 2007 dollars = 4,992,613,365,316.22 1988 Dollars 2 trillion in 1988 dollars = 3,605,326,245,578.39 2007 Dollars As for the man with the question about historical taxation, 1/10 of a pennyin 1800 would be worth 1 penny today
#9
Giant Nontypical
Join Date: Mar 2006
Posts: 7,278
RE: The US National Debt by Year
Quote:
ORIGINAL: MagnumMan308
Quote:
ORIGINAL: burniegoeasily
Quote:
ORIGINAL: bergall
Quote:
ORIGINAL: burniegoeasily
reagan's 2trillion debt is worth what, in 2008 dollars ?
That is what id be interested in seeing.
9 trillion 2007 dollars = 4,992,613,365,316.22 1988 Dollars 2 trillion in 1988 dollars = 3,605,326,245,578.39 2007 Dollars As for the man with the question about historical taxation, 1/10 of a pennyin 1800 would be worth 1 penny today
Cool ! I take my hat off to you, sir !
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The US National Debt by Year
Almost 200% of their GDP.
