There was a letter to the editor stating how much the national debt increased under Bill Clinton.
That made me wonder if my thoughts was all wrong. The public library furnish the "Table 7.1" of the "FEDERAL DEBT AT THE END OF YEAR: 1049 - 2008"
Using this table I made an extension to the figures in the Tabke 7-1. which shows what party controlled the white house during this period. Then add a column for year increase /decrease, and column for the incrase/ decrease in the four year white house term.
It did surprise me that from 1940 to 2004 the white house was until the control of each party 32 year each. But then when I compared the net debt increase for each party I was amazed as you will be when you review my work sheet.
The work sheet is an MS Excel file. You can down loaded and review with out saving it to a disk.
But it you want to save it to disk you will have to have a spread sheet file to then print it out.
| In 1940 the net national debt was only | $ 42,772 Million |
| The 32 years that the Republican had the white increase | $ 3,272,116 Million |
| The 32 years that the Democrat had the white increae | $ 851,173 Million |
| The estamated balance at fiscal year 2004 | $ 4,166,061 Million |
| The republican annual debt increase | $ 102,254 Million |
| The democrat annual debt increase | $ 26,599 Million |
When Bill Clintion was elected he stated one of item he would address was the national debt.
| The annual debt in the last yearof George Bush Sr. | was | $310,738 Million | Increase | |
| The first year of Bill Clinton | the year: 1993 | was | $248,660 Million | Increase |
| The Second Year for clinton | the year: 1994 | was | $184,668 Million | Increase |
| The Third Year for Clinton | the year: 1995 | was | $171,313 Million | Increase |
| The forth year for Clinton | the year: 1996 | was | $129,695 Million | Increase |
| Clinton's policies was working and the second term really showed results. | ||||
| 2nd term first year | the year: 1997 | only | $38,271 Million | Increase |
| 2nd term second year | the year: 1998 | good | $51,245 Million | Decrease |
| 2nd Term Third year | the year: 1999 | better | $88,738 Million | Decrease |
| 2nd Term four year | the year: 2000 | better yet | $222,559 Million | Decrease |
| When GW Bush was elected {ed: appointed?} by the supreme court. His effort was | ||||
| First year | the year: 2001 | down to | $90,189 Million | Decrease |
| Second year | the year: 2002 | back to | $220,812 Million | Increase |
| Third year Estimate before final | the year: 2003 | $338,623 Million | Increase | |
| Fourth Year Estimate before final | the year: 2004 | $287,623 Million | Increase | |
If GW Bush is elected for second term his budget office forcast $836,886 Million Increase for the four years.
When can we say enough is enough and get back to reducing the national debt? We can not continue the type of policies now in place if we want to stop the decline into a deep debt which cannot be paid.
Pass this on to every one so they will know how to vote in November.
John Welden
wcd600@msn.com
Subject: FW: National Debt analysis by John Welden
This man (John Welden) is like a father to me. He was kind to me when I was a jerk to him. I have never lost my sense of wonder that men like this exist on this planet. He is a decorated veteran of WWII, a stable family man (stayed with and was faithfull to a wife who would have driven any normal man insane until she died of cancer) and he happens to be one of the finest CPA's around. Period.
He was also fair and accurate to a fault. Even if it hurt him, he would not allow any deviation from the absolute facts. No one was ever able to say that he lied. I trust his analysis absolutly. Spelling, speech and typography are his only weaknesses and proof that he is human <GRIN>. But rest assured, his fingers run a 10 key without fail. And if you don't believe it, go to the library and check his figures. This is the truth.
See also:
| file: /Techref/other/nationaldebt.htm, 7KB, , updated: 2006/9/7 11:53, local time: 2024/12/27 11:28,
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