Progressives and liberals are up in arms about tax cuts “possibly” adding to the debt. Since when did they start caring about financial stability?
How the debt affects you: USNEWS 2011 report is coming true
How and why big government will borrow your retirement savings (Zerohedge)
2016 infographic statistics as of Sunday, March 15, 2016
REAL STIMULUS SPENDING
https://money.cnn.com/news/specials/storysupplement/stimulus-tracker/
FAILED STIMULUS SPENDING
https://nypost.com/2012/01/29/how-the-800b-stimulus-failed/
https://reason.org/news/show/the-facts-about-stimulus-spending
CLINTON SIGNING BILL MAKING BANKS TOO BIG TO FAIL
https://www.theguardian.com/world/2014/apr/19/wall-street-deregulation-clinton-advisers-obama
WORLD WAR I
https://www.britannica.com/event/World-War-I
DOTCOM CRASH
https://www.investopedia.com/features/crashes/crashes8.asp
Gross public debt (federal) % GDP
https://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.
https://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
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo3.htm
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
1975-85 rounded to millions
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
2016
POPULATION
1900-1980
https://www.census.gov/popest/data/national/totals/pre-1980/tables/popclockest.txt
https://www.census.gov/popest/data/intercensal/national/nat2010.html
https://www.census.gov/popest/data/historical/2010s/index.html
2015-16
https://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 ….
https://www.bankrate.com/finance/personal-finance/is-inflation-higher-than-you-think-1.aspx
https://www.cnbc.com/id/42551209
https://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
https://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.
https://usatoday30.usatoday.com/money/economy/inflation/2007-06-13-inflation-usat_N.htm
COMPOSITION OF CONGRESS BY PARTY
https://www.infoplease.com/ipa/A0774721.html
INFLATION CALCULATOR
https://www.bls.gov/data/inflation_calculator.htm
