• Posted in

    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
    https://www.zerohedge.com/news/2016-02-15/heres-why-and-how-government-will-borrow-your-retirement-savings

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

    By History Infographics — Extensive source links . . .

    2016 infographic statistics as of Sunday, March 15, 2016

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

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

    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