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; President Clinton did get the deficit down to $17.9 Billion. President Bush’s tax cuts, 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 but 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.
Stopping this runaway debt and interest serves the “Common Good”
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 |
2016 |
$19,573,444,713,936 |
$ 412,827,047,852 |
$432,649,652,901 |
Obama/Trump |
2017 |
$20,244,900,016,053 |
$ 771,355,302,117 |
$458,542,287,311 |
Trump |
2018 |
$21,516,058,183,180 |
$1,216,158,183,180 |
$523,017,301,446 |
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. ($21.9 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.
These numbers are to the best of my knowledge sound until 2009 at which time interest paid out changed radically from the year before. In 2012 $75 Billion was transferred from a DOD account (Department of Defense) and used as an Interest payment. The Bureau of Public Debt admitted to this in 2012, but since then the references’ have been removed, hence the lack of trust in the numbers after 2012.
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 was and has been posted here also.
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 |
Compare the Billions paid out between October, November, January, Febuary, March and September verses April, May, July and August; best guess is because someone got away with the absconding of $75 Billion from the DOD in 2012 this Misappropriation of Government Funds has become a Standard Operating Procedure by someone in the Treasury Department who is involved in the oversight of the Bureau of Public Debt.
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
Washington - The national debt yesterday totaled more than $3 trillion for the first time in history, the Treasury Department reported yesterday.
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 |
U.S. Treasury
(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 |
U.S. Treasury
(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 |