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 nor is the Deficit for 2020;
President Clinton did get the deficit down to $17,930,000,000, while
President Trump holds the record for largest deficit ever
$4,307,520,181,199. President Bush’s tax cuts along with the tax
cuts instituted by President Trump, 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 nor do I care for the Trumps; 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.
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/Trump |
2017 |
$20,244,900,016,053 |
$ 771,355,302,117 |
$458,542,287,311 |
|
|
|
|
|
Trump | 2019 | $22,719,401,753,433 | $1,203,343,570,253 | $574,587,783,463 |
Trump | 2020 | $27,026,921,935,432 | $4,307,520,181,999 | $522,767,299,265 |
Trump/Biden | 2021 | $28,819,606,328,173 | $1,792,684,392,741 | $562,388,232,682 |
Biden | 2022 | $30,928,911,613,306 | $2,109,305,285,133 | $718,745,810,096 |
Biden | 2023 | $33,126,476,376,937 | $2,197,564,763,631 | $882,598,268,532 |
Biden | 2024 | $35,464,673,929,171 | $2,228,197,552,234 | $1,133,036,880,149 |
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. ($35.8 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.
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 & 2019 are posted here for you.
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 |
Interest Expense Fiscal Year 2019 |
|
September |
$35,975,039,739.11 |
August |
$41,403,083,314.80 |
July |
$40,341,726,814.69 |
June |
$102,799,522,635.63 |
May |
$47,828,676,369.37 |
April |
$46,552,489,671.20 |
March |
$38,938,312,951.37 |
February |
$28,716,710,992.06 |
January |
$27,810,825,237.43 |
December |
$97,202,544,981.57 |
November |
$32,371,318,649.95 |
October |
$31,647,532,106.45 |
Fiscal Year Total 2019 |
$574,587,783,463.63 |
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
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 |
(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 |
(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 |
(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 |