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Started By
Message
USA national debt by decade
Posted on 5/24/23 at 2:23 pm
Posted on 5/24/23 at 2:23 pm
quote:
1930: $16 billion
1940: $43 billion
1950: $257 billion
1960: $286 billion
1970: $371 billion
1980: $908 billion
1990: $3.2 trillion
2000: $5.6 trillion
2010: $13.5 trillion
2020: $27.7 trillion
2023: $31.8 trillion
LINK
Looks like sometime during the 70s and 80s we decided as a nation we don't care about debt going up dramatically anymore.
13
Posted on 5/24/23 at 2:27 pm to hikingfan
I wouldn't trust these clowns to balance their own budgets, yet we somehow give them control to NOT balance the nations.
Jokes on us.
Jokes on us.
Posted on 5/24/23 at 2:27 pm to hikingfan
And the 1930s-1940s.
Posted on 5/24/23 at 2:28 pm to hikingfan
It was the separation of the need to have it backed by hard gold assets. Who is dumber the political establishment or the people who elected them
Posted on 5/24/23 at 2:30 pm to shutterspeed
From 1950-1970 the debt increased by $100 billion, once the USD was decoupled from a gold back standard in the early 70's it was off to the races.
Posted on 5/24/23 at 2:51 pm to hikingfan
quote:
Looks like sometime during the 70s and 80s we decided as a nation we don't care about debt going up dramatically anymore.
No argument, but JFC, how much would the 1930 $16B actually be worth in 2023?
You could get a loaf of bread, a jug of milk and a pack of cigarettes for a dime total back then, when the same things will run you about $25 today.
ETA ok so if I estimated correctly, the 1930 $16B would equal about $3-4T today. Still a lot, but we had the depression on and whatnot. We managed to climb out of that hole due to the results of the global conflict that happened soon after, but we also didn't have worthless Marxist politicians on both sides of the aisle deliberately trying to destroy America.
This post was edited on 5/24/23 at 3:00 pm
Posted on 5/24/23 at 2:57 pm to hikingfan
FREEDOM AINT FREE, baw.
Posted on 5/24/23 at 2:58 pm to idlewatcher
quote:
I wouldn't trust these clowns to balance their own budgets
Most of them couldn’t balance their own checkbook.
Posted on 5/24/23 at 3:00 pm to hikingfan
quote:
Looks like sometime during the 70s and 80s our political parties learned you could buy votes with taxpayer dollars.
FIFY
Posted on 5/24/23 at 3:04 pm to hikingfan
Why do countries keep letting us borrow money when they know we will never pay it back?
Posted on 5/24/23 at 3:07 pm to hikingfan
And I just read in a different thread that we shouldn't vote for DeSantis because he wants to cut government spending on Social Security and Medicare...
Posted on 5/24/23 at 3:09 pm to idlewatcher
quote:
wouldn't trust these clowns to balance their own budgets
Remember the house banking scandal? Bounced checks everywhere.
Posted on 5/24/23 at 3:13 pm to TigerAxeOK
quote:
ETA ok so if I estimated correctly, the 1930 $16B would equal about $3-4T today. Still a lot, but we had the depression on and whatnot. We managed to climb out of that hole due to the results of the global conflict that happened soon after, but we also didn't have worthless Marxist politicians on both sides of the aisle deliberately trying to destroy America.
Now do our debt as a percentage of our GDP.
Posted on 5/24/23 at 3:16 pm to hikingfan
quote:
Looks like sometime during the 70s and 80s we decided as a nation we don't care about debt going up dramatically anymore.
1971
Posted on 5/24/23 at 3:24 pm to hikingfan
I don't believe any of this.
Posted on 5/24/23 at 3:36 pm to hikingfan
Suicide is something to watch. Very intriguing. And make no mistake just like taking your own life, both are intentional.
Posted on 5/24/23 at 3:37 pm to Paddyshack
quote:
Most of them couldn’t balance their own checkbook.
But find it real easy to spend your money!
Posted on 5/24/23 at 3:45 pm to hikingfan
So, this only works as long as the dollar is the global reserve currency, right?
If so, all of the calls to withdraw the U.S. from global participation and treaties and the World Bank without addressing this debt and getting our currency back on a firm footing seems like it will be completely disastrous.
Am I wrong about that? I'm legit asking.
If so, all of the calls to withdraw the U.S. from global participation and treaties and the World Bank without addressing this debt and getting our currency back on a firm footing seems like it will be completely disastrous.
Am I wrong about that? I'm legit asking.
Posted on 5/24/23 at 3:50 pm to AlaTiger
The organizations and people who are telling us this is in debt themselves.
Posted on 5/24/23 at 3:53 pm to hikingfan
quote:
sometime during the 70s and 80s
The debt ceiling was raised 18 times under Reagan if that helps narrow down that time frame for you.
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