ABOUT THE NATIONAL DEBT

I have seem so much disinformation, misinformation, lies, and political bullshit, regarding the national debt. That I have decided to add this web page to clarify the issue with some honest truth, using data from the national treasury.

Here is a simple table and a column graph from the real data from the treasury:

National Debt Graph

The Biden data is incomplete because the last debt report was on 9/30/2022.
We have to wait until 9/30/2024 to compute his debt addition.

The data clearly shows that the bush administration made a big mistake when it gave a big tax break to the very rich, instead of continuing the surplus that the Clinton administration had in the last 4 years of his 8 years.
Facts from the above data:
  -- Bush borrowed about 3 times as much as Clinton did.
  -- Then Obama borrowed more than twice what Bush borrowed.
  -- Then Trump borrowed, in 4 years, almost as much as Obama borrowed in 8 years.

Therefore, since after Bill Clinton, the republicans and the democrats, have been financially irresponsible.
To lower the national debt, they must increase capital gain taxes, close tax loop holes, that are being taken advantage of by multi-billion dollar corporations, and multi-billionaires, who are not paying their fair share. (some are not paying any taxes).

The data, for the above table and graph, came from the data bellow:

DebtByYear

If you noticed, the treasury reports the national debt on September 30 (it used to be June 30, before 1977).

REFERENCE:

https://fiscaldata.treasury.gov

RETURN TO NATIONAL PROBLEMS

RETURN TO GOVERNMENT & POLITICS