U.S. Public Debt Hits $20 Trillion

This is why the Democrats want to keep raising the debt ceiling. Debt is over $60,000 per citizen …

BALANCE SHEET
Balance sheet at Treasury Department site (PDF)

HOW THE DEBT AFFECTS YOU
USNEWS 2011 report is coming true

HOW and WHY the GOVERNMENT WILL BORROW YOUR RETIREMENT SAVINGS
http://www.zerohedge.com/news/2016-02-15/heres-why-and-how-government-will-borrow-your-retirement-savings

US DEBT CLOCK
http://www.usdebtclock.org/

By History Infographics — Extensive source links . . .

2016 infographic statistics as of Sunday, March 15, 2016

REAL STIMULUS SPENDING
http://money.cnn.com/news/specials/storysupplement/stimulus-tracker/

http://dailycaller.com/2012/08/06/analysis-real-stimulus-spending-is-at-least-2-5-trillion-since-2008/

FAILED STIMULUS SPENDING
http://nypost.com/2012/01/29/how-the-800b-stimulus-failed/
http://reason.org/news/show/the-facts-about-stimulus-spending

CLINTON SIGNING BILL MAKING BANKS TOO BIG TO FAIL
http://www.theguardian.com/world/2014/apr/19/wall-street-deregulation-clinton-advisers-obama

WORLD WAR I
http://www.britannica.com/event/World-War-I

DOTCOM CRASH
http://www.investopedia.com/features/crashes/crashes8.asp

Gross public debt (federal) % GDP
http://www.usgovernmentdebt.us/spending_chart_1792_2020USp_XXs2li011mcn_H0f_Accumulated_Gross_Federal_Debt

Govt. begins changing how it measures GDP after many poor first quarters.
http://www.bloomberg.com/news/articles/2015-05-22/gdp-changes-coming-in-july-as-u-s-addresses-weak-first-quarters

DEBT
Fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.
1900-2015
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo3.htm
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
1975-85 rounded to millions
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
2016
POPULATION
1900-1980
http://www.census.gov/popest/data/national/totals/pre-1980/tables/popclockest.txt
http://www.census.gov/popest/data/intercensal/national/nat2010.html
http://www.census.gov/popest/data/historical/2010s/index.html
2015-16
http://www.census.gov/popclock/?intcmp=home_pop
(stats taken on May 15, 2016)

ADJUSTING FOR INFLATION?

Consumer Price Index removed food and energy in early 90s
Changed methodology
Peter Schiff: https://youtu.be/pwI3Nya5L9g

Government removed food and energy from inflation during ….
http://www.bankrate.com/finance/personal-finance/is-inflation-higher-than-you-think-1.aspx
http://www.cnbc.com/id/42551209
http://blogs.wsj.com/briefly/2014/05/15/5-things-you-always-wanted-to-know-about-inflation-statistics/

Core inflation rate used (which excludes food and energy) to remove natural causes (like drought) from affecting money supply calculations.
HISTORY INFOGRAPHICS NOTE: THIS METHOD DOES NOT REFLECT HEAVY REGULATIONS, SUBSIDIES AND CRONYISM FROM ACTUAL CONSUMER COSTS
http://inflationdata.com/articles/2008/02/24/what-is-core-inflation-and-why-doesnt-it-include-food-and-energy/

Cleveland and Dallas Fed banks use “core inflation gauges” which add food, energy but drop items that swing widely in price.
http://usatoday30.usatoday.com/money/economy/inflation/2007-06-13-inflation-usat_N.htm

COMPOSITION OF CONGRESS BY PARTY
http://www.infoplease.com/ipa/A0774721.html

INFLATION CALCULATOR
http://www.bls.gov/data/inflation_calculator.htm