Debt, Deficit & Interest History

  On this page you will find the National Debt by year and Interest paid each year along with the Deficit from 1980 until the present.

 
 Where did these numbers come from and more importantly can they be trusted?

  These numbers came from the Bureau of Public Debt, a part of the U.S Treasury Department.

 
The Deficit for the year 2000 is not a typo; President Clinton did get the deficit down to $17.9 Billion. President Bush’s tax cuts, two wars, along with Quantitative Easing 1 (QE1) and Quantitative Easing 2 (QE2) brought about the financial mess we face today.
[Editors note: I do not care for the Clintons but the truth is what matters.]

  It has been rumored that during President Obama’s time in office that he ran up more debt then all the Presidents before him combined, that statement is factually wrong! OUR KIDS DEBT increased 87.7% while Mr. Obama was President.
  For comparison OUR KIDS DEBT increased 86% when George Bush was President.
  For the President to which that the statement is factually correct, (the President who ran up more debt then all the Presidents before him) we have to take a trip down memory lane to the Reagan Presidency, during the time in which Reagan was President THE NATIONAL DEBT more then doubled, actually the DEBT went up 186.5%
  Weather or not one liked or disliked President Obama, I don’t care, just tell the truth.

Why are the Bankers interested in raising the rates
they are sitting on a serious pile of cash because of QE1 & QE2
.

Follow the Money

Stopping this runaway debt and interest serves the “Common Good”

President

Year

Debt

Deficit

Interest/Usury

Carter

1980

$   907,701,000,000

$   81,182,000,000

$ 74,900,000,000 

Carter/Reagan

1981

$   997,855,000,000

$   90,154,000,000

$ 95,600,000,000

Reagan

1982

$ 1,142,034,000,000

$  144,179,000,000

$117,400,000,000

Reagan

1983

$ 1,377,210,000,000

$  235,176,000,000

$128,800,000,000

Reagan

1984

$ 1,572,266,000,000

$  195,056,000,000

$153,800,000,000

Reagan

1985

$ 1,823,103,000,000

$  250,837,000,000

$178,900,000,000

Reagan

1986

$ 2,125,302,000,000

$  302,199,000,000

$190,200,000,000

Reagan

1987

$ 2,350,276,000,000

$  224,974,000,000

$195,400,000,000

Reagan

1988

$ 2,602,337,000,000

$  252,061,000,000

$214,100,000,000

Reagan/Bush

1989

$ 2,857,430,000,000

$  255,093,000,000

$240,145,000,000

Bush

1990

$ 3,233,313,000,000

$  375,883,000,000

$264,852,000,000

Bush

1991

$ 3,665,303,000,000

$  431,990,000,000

$286,021,000,000

Bush

1992

$ 4,064,620,000,000

$  399,317,000,000

$292,361,000,000

Bush/Clinton

1993

$ 4,411,488,000,000

$  346,868,000,000

$292,502,000,000

Clinton

1994

$ 4,692,749,000,000

$  281,261,000,000

$296,277,000,000

Clinton

1995

$ 4,973,982,000,000

$  281,233,000,000

$332,413,000,000

Clinton

1996

$ 5,224,810,000,000

$  250,828,000,000

$343,955,000,000

Clinton

1997

$ 5,413,146,000,000

$  188,336,000,000

$355,795,000,000

Clinton

1998

$ 5,526,193,000,000

$  113,047,000,000

$363,823,000,000

Clinton

1999

$ 5,656,270,000,000

$  130,077,000,000

$353,511,000,000

Clinton

2000

$ 5,674,200,000,000

$   17,930,000,000

$362,997,000,000

Clinton/Bush

2001

$ 5,807,500,000,000

$  133,300,000,000

$359,507,000,000

Bush

2002

$ 6,228,200,000,000

$  420,700,000,000

$332,536,000,000

Bush

2003

$ 6,783,200,000,000

$  555,000,000,000

$318,148,000,000

Bush

2004

$ 7,379,000,000,000

$  595,800,000,000

$322,566,000,000

Bush

2005

$ 7,932,000,000,000

$  553,000,000,000

$352,350,000,000

Bush

2006

$ 8,507,000,000,000

$  575,000,000,000

$405,872,000,000

Bush

2007

$ 9,007,653,372,262

$  500,653,372,262

$429,977,000,000

Bush

2008

$10,024,724,896,912

$1,017,071,524,650

$451,154,049,950

Bush/Obama

2009

$11,909,829,003,522

$1,885,104,106,610

$383,071,000,000

Obama

2010

$13,561,632,030,891

$1,651,803,027,369

$413,954,000,000

Obama

2011

$14,790,340,328,417

$1,228,708,297,526

$454,393,280,417

Obama

2012

$16,066,241,407,385

$1,275,901,078,968

$359,796,000,000

Obama

2013

$16,738,183,526,697

$  671,942,119,312

$415,688,000,000

Obama

2014

$17,824,071,380,733

$1,085,887,854,036

$430,812,000,000

Obama

2015

$18,150,617,666,484

$  326,546,286,750

$402,435,356,075

Obama

2016

$19,573,444,713,936

$  412,827,047,852

$432,649,652,901

 Obama/Trump

 2017

 $20,244,900,016,053

 $  771,355,302,117

 $458,542,287,311

President

Year

Debt

Deficit

Interest/Usury

  There are a large number of people who do not understand the correlation between debt and deficit; the definitions for those words have been included.
DEBT: How deep the hole is: The total amount of money that has been borrowed. ($20.5 Trillion)
DEFICIT: How fast the hole is being dug each year: how much more the government has spent (like a credit card) during the year then the government has received.

  These numbers are to the best of my knowledge sound until 2009 at which time interest paid out changed radically from the year before. In 2012 $75 Billion was transferred from a DOD account (Department of Defense) and used as an Interest payment. The Bureau of Public Debt admitted to this in 2012, but since then the references’ have been removed, hence the lack of trust in the numbers after 2012.
  Transferring funds as was done in 2012; I firmly believe is still continuing and is a violation of Federal Law, either misallocation of government funds or misappropriation of government funds.
 What this nation has suffered was a manipulation of the books; sadly if the books were doctored concerning the interest payments the odds are that the books have been manipulated concerning the deficits also.
  A month by month pay out for 2012, 2013 and 2014 are no longer available but 2015 was and has been posted here also.

Interest Expense Fiscal Year 2015

September

$20,838,183,531.62

August

$30,726,423,238.94

July

$32,394,069,518.20

June

$93,014,300,735.21

May

$32,692,847,170.84

April

$31,782,109,819.31

March

$14,139,980,828.36

February

$13,153,330,688.79

January

$15,104,681,505.17

December

$86,460,237,565.98

November

$23,427,024,656.86

October

$8,702,166,816.21

Fiscal Year Total 2015

$402,435,356,075.49

  Compare the Billions paid out between October, November, JanuaryFebuaryMarch and September verses April, May, July and August; best guess is because someone got away with the absconding of $75 Billion from the DOD in 2012 this Misappropriation of Government Funds has become a Standard Operating Procedure by someone in the Treasury Department who is involved in the oversight of the Bureau of Public Debt.

From the Congressional Budget Office (CBO)
Extraordinary Measures
have become

Standard Operating Procedures

That was then
Front page Seattle P.I.

Seattle P.I.
Associated Press

April 4, 1990

A cool $3 trillion: That’s a lot of 0’s the nation owes

  Washington - The national debt yesterday totaled more than $3 trillion for the first time in history, the Treasury Department reported yesterday.
  That’s $3,000,000,000,000. Count them: a three and 12 zeroes.
  A person counting a $1,000 bill each second would take 133 years just to reach $1 trillion.
  And when the nation debt reached $3 trillion, it meant that it would cost every man, woman and child $12,000 to pay it off.
  “The debt subject to limit did go over $3 trillion on Monday” confirmed Peter Hollenback, public affairs officer for the Treasury’s Bureau of Public Debt.
  The actual level of public debt subject to statutory limit at the end of the day was $3.023 trillion. That’s just $99.59 billion under the statutory limit of $3.123 trillion. The national debt stood at $2.989 trillion last Friday.
  Hollenback said that despite a growing number of income tax receipts at this time of year he expected the debt to continue to grow as long as the budget was not balanced.
  Congress enacted the current debt limit last November.
  The debt reached $1 billion in 1916 during World War I, climbing to $278 billion at the end of World War II.
  It reached its first trillion on Oct. 1, 1981 and rose to $2 trillion on April 3, 1986.
  The rapid growth in the debt is the result of the government’s huge deficits for the past decade. Democratic opponents often pointed to the fact that President Reagan ran up more public debt in his eight years in office than all his predecessors put together.
 The federal deficit has continued to grow since then and totaled $152.1 billion during the fiscal year ended Sept. 30.
  By the end of February, the deficit had reached $97.52 billion, just $2.48 billion less than the Gramm-Rudman deficit-reduction target for the entire year. Interest on the deficit during February totaled $17.32 billion and is expected to reach $254.85 billion for the year.
  Analysts have said the target for fiscal 1990 has all but been abandoned, with some suggesting the actual imbalance for the year will total $160 billion to $165 billion.

U.S. Treasury
(Figures in millions)

(Add 000,000 to each #)

Total public debt April 5, 1990

3,030,157

Statutory debt limit

3,122,700

Operating balance April 5

9,383

Interest fiscal 1990 thru Feb

111,727

Interest period fiscal 1989

100,493

Actual deficit fiscal 1989

151,988

Actual deficit fiscal 1988

155,151

Receipts fiscal 1990 thru Feb.

393,477

Receipts period fiscal 1989

372,761

Outlays fiscal 1990 thru Feb.

490,995

Outlays period fiscal 1989

465,410

Gold assets thru February

11,05

U.S. Treasury
(Figures in millions)
(Add 000,000 to each #)

Total public debt Nov. 10, 1981

1,000,199

Interest on public debt Sept.

7,782

Interest fiscal year 1981

95,589

Projected deficit year 1981

43,099

Actual deficit fiscal year 1981

80,941

Receipts fiscal year 1981

602,612

Receipts fiscal year 1980

520,056

Outlays fiscal year 1981

660,544

Outlays for fiscal 1980

579,603

Gold for September

11,152

U.S. Treasury
(Figures in millions)

Total public debt May 15, 1986

2,016,575

Statutory debt limit

2,078,700

Operating balance May 15

21,034

Interest on public debt March

13,589

Interest fiscal year thru March

91,822

Projected deficit year 1986

202,789

Actual deficit fiscal year 1985

212,300

Receipts fiscal year thru March

356,873

Receipts same period 1985

340,263

Outlays fiscal year thru March

493,216

Outlays same period last year

470,284

Gold assets thru Jan.

11,090

 U.S. Treasury
(Figures in millions)

Total public debt April 5, 1990

3,030,157

Statutory debt limit

3,122,700

Operating balance April 5

9,383

Interest fiscal 1990 thru Feb

111,727

Interest period fiscal 1989

100,493

Actual deficit fiscal 1989

151,988

Actual deficit fiscal 1988

155,151

Receipts fiscal 1990 thru Feb.

393,477

Receipts period fiscal 1989

372,761

Outlays fiscal 1990 thru Feb.

490,995

Outlays period fiscal 1989

465,410

Gold assets thru February

11,059

U.S. Treasury
(Figures in millions)

Total public debt Nov. 16, 1992

4,013,768

Statutory debt limit

4,145,000

Operating balance Nov. 16

8,548

Interest fiscal 1992 thru Sept.

292,330

Interest same period 1991

268,272

Actual deficit fiscal 1992

290,204

Actual deficit fiscal 1991

269,492

Receipts fiscal 1992 thru Sept.

1,091,692

Receipts same period 1991

944,915

Outlays fiscal 1992 thru Sept.

1,281,895

Outlays same period 1991

1,207,520

Gold assets thru Jan.

11,059

U.S. Treasury
(Figures in millions)

Total public debt May 27, 1994

4,511,591

Statutory debt limit

4,900,000

Operating balance May 27

15,368

Interest fiscal 1994 thru April

163,167

Interest same period 1993

163,014

Projected deficit fiscal 1994

234,758

Actual deficit fiscal 1993

254,684

Receipts fiscal 1994 thru April

717,456

Receipts same period 1993

659,144

Outlays fiscal 1994 thru April

850,691

Outlays same period 1993

833,872

Gold assets thru April

11,053