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.]

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

   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. ($19.9 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.
 

  We have a problem; in the 2 weeks of Oct. 30, 2015 and Nov 13, 2015 this nation had gone an additional $500 Billion into debt ($501,525,674,826.82). While extraordinary measures helped make the 2015 deficit of $326,546,286,750 look good, reality sucks.
   What this nation suffered was a manipulation of the books; sadly if the books were doctored concerning the deficits the odds are that the books have been manipulated concerning the interest payments also.

  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. 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

This was more recent
2002-2013

  From 2002 through 2007 our National Debt grew by a daily average of $1.46 Billion ($5.807 Trillion 2002 to $9.007 Trillion).
  For the last year of the Bush Presidency 2008 the National Debt went up $2.786 Billion per day on average ($9.007 Trillion to $10.024 Trillion).
  2009, daily average hit an all time high $5,164,668,785 ($10.024 Trillion to $11.909 trillion).
  2010 National Debt had $4.524 Billion per day increase ($11.909 Trillion to 13.561 Trillion.
  2011, $3.366 Billion daily average rise in our National Debt ($13.561 Trillion to $14.790 Trillion).
  2012, the deficit on our National Debt increased $3.495 Billion per day ($14.790 Trillion to $16.066 Trillion.
  For the first 202 days of fiscal year 2013 [Oct 1, 2012 until April 30 2013] the Debt of the United States grew by $3.775 Billion per day ($16.066 Trillion to $16.828 Trillion).

   Miracles have happened in the United States, something here-to-for never witnessed before in the history of our National Debt; the first one is that $1.2 trillion was added to the National Debt in fiscal year 2012 bringing the total to $16,066,241,407,385 (Sept 30, 2012) but through some sort of miraculous accounting procedure the total amount paid out for interest went backwards to $434,796,008,919. In the world of normal accounting practices, interest @3.25% equalls $522,152,845,740 it's a miracle!

  The second miracle; the National Debt for the United States of America reached an all time high of $16,828,845,497,183 on April 30, 2013 but by May 16, 2013 had gone backward to $16,734,808,644,648. That’s a reduction of almost $94 billion in just 17 days! At this rate we should be debt free in no time!

  One would think that the Democrats and the Republicans would be dancing in the streets, arguing over which group will get credit for this miracle.

  Actually the question to ask would be; how is it even possible to go from being in the hole $3.775 Billion per day every day for the first 202 days of fiscal year 2013 and then run a surplus on day 203?

  For more than 30 years the interest paid on the National Debt has followed normal accounting procedures’; that was until Fiscal year 2012. About the only way this low interest payment ($434 Billion, should have been $522 Billion) could be correct is if Social Security was being shorted; and the only reason to short Social Security would be to help hasten its demise.
 
The question to ask is, why destroy Social Security? The answer lies in the fact that over $5.3 trillion (5,300,000,000,000) in the Social Security Trust Fund has been borrowed to cover the shortfalls in the general budget for decades and if Social Security can be collapsed then the money will not have to be returned; it becomes a write-off for the Federal Government.

  Is it possible that the Treasury Department has been compromised by its cozy relationship with Wall Street. Have the people truly experienced a couple of financial miracles or are we the people being manipulated again.

  The numbers that are used here are the Total National Debt as listed by the US Treasury Dept. rounded off to the nearest billion This includes the money borrowed from Social Security that needs to be paid back, with interest.

For the Biblical crowd this is a lot of usury

Year

Federal Debt

Yearly  Interest Payment

1960

$  284,000,000,000

$  9,000,000,000

1980

$  930,000,000,000

$ 75,000,000,000

2000

$5,674,000,000,000

$362,000,000,000

2004

$7,379,000,000,000

$322,000,000,000

2005

$7,932,000,000,000

$352,000,000,000

2006

$8,507,000,000,000

$405,872,109,315

2007

$9,007,653,372,262

$429,977,998,108

2008

$10,024,724,896,912

$451,154,049,950

2009

$11,909,829,003,522

$383,363,826,680

2010

$13,561,623,030,891

$413,954,825,362

2011

$14,790,340,328,557

$454,393,280,417

2012

$16,066,241,407,385

$434,796,008,919

Could somebody explain this new math where $1.25 trillion Debt is added
yet interst is $20 billion less then last year
while the interest rate stayed the same @3.25%

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