Some Facts (!) About the Debt — Where it Comes From, Where It Went

Here’s a great infographic on the debt.

I also recommend the Cumulative Debt in % of GDP chart for recent administrations. Bush beats Obama and Reagan, although I think Obama would probably be larger if one were to normalize for the length of his term. Clinton is a negative number as he was retiring debt — things would be so much better right now if GW hadn’t gone and squandered our money. And started a war of choice. And tortured people. (None of which excuses Obama’s Hooveristic tendency on the economy, the extension of the wars plus the start of a new one, the drone-murder of US citizens abroad, and the rather muted end of torture.)

Source: Econbrowser: Graphic of the Day: Who Borrowed? Who Loaned? via Coral Gables Watch, US Govt Borrowing–Guess Who Borrowed The Most??

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3 Responses to Some Facts (!) About the Debt — Where it Comes From, Where It Went

  1. Earl Killian says:

    This is not a good graphic, because it presents decadal old information in nominal, not inflation adjusted, dollars. For example, the GDP price deflator ratio between 1981 and 2010 is 2.1, so you should roughly double the 3.4 trillion debt of Reagan/Bush1. A somewhat more careful calculation comes up with 5.8 trillion. Apply the deflator to the Bush2 deficits and you get 6.7 trillion. Yes, Bush was still the worst, but Reagan’s policy was almost as bad.

    • I agree that real measures are best. That is why I also recommended the other chart, which does deflate since it divides by GDP (both numerator and denominator being in nominal dollars, the comparisons are in real terms).

      This is a good chart for a different reason: because so much of the current rhetoric is in nominal dollars (which I agree with you is not the right choice), it gives perspective in those terms.

  2. Brittanicus says:

    THINK?

    Either party, Democrat, Republican are completely ignorant or just intentionally remain unconcerned about the massive expenditures for pandering to the illegal alien invasion. The federal debt ceiling and all 50 States have huge deficits from the illegal immigration occupation. Schools, health care and programs that is reducing America to a pauper nation. You as the American people must start yelling at the politicians in Washington, to demand they recognize that this issue is part of the discretionary spending. Only Rep. Michele Bachmann R-MN) Leader of the Tea Party Caucus, dares to speaks out about this issue, with a conviction that this is part of our national issues. The TEA PARTY membership can now be counted in the tens of million of ordinary citizens, who are black , Hispanic, White and other races. Bombard Congress with you voices, tell them no Amnesty, No Immigration Reform, no Sanctuary cities or States and No Dream Acts.

    REMOVE ILLEGAL ALIENS AND THAT WILL CONSERVE TAXPAYER MONEY, AND MOVE US ON TOWARDS A BALANCED US TREASURY BUDGET AND THAT INCLUDES ALL 50 STATES WILL ARE SUFFERING AS WELL.

    This needs to be repeated that When (Fair) analyzed the cost of illegal immigration and its nationwide deficit, they came up with a stunning figure of $113 billion dollars annually, while illegal alien revenue to the government coffers was a total amount of $13Billion dollars and change. Not included in these illegal foreign labors is wages leaving the country to foreign nations, estimated to be 46 Billion dollars? Our economy is sinking and the Obama administration is insisting on passage of another Amnesty failure. Heritage Foundation has stated that cost for processing another Amnesty expenditure is another 2.5 Trillion dollars.

    Break down of revenue to support illegal migrants and illegal immigrants.
    Federal Expenditures on Illegal Aliens

    Education Title 1 program $1,332,900,000
    Migrant education program $236,900,000
    Title 111 program $538,000,000

    Education Subtotal $2,107,800,000

    Medical Emergency medical care $250,000,000
    Fraudulent use of Medicaid $1,235,000,000
    Medicaid cost of childbirth $1,238,100,000
    Medicaid for children $1,626,800,000
    other medical outlays $1,600,000,000

    Medical Subtotal $5,949,900,000

    Law enforcement Scaap compensation $330,000,000
    Federal incarceration $678,400,000
    Byrne grants $24,300,000
    Detention and removal $2,545,000,000
    Project safe neighborhoods $39,500,000
    Residual ice functions $2,824,000,000
    Exec. Office of immigration review $222,500,000
    Southwest border prosecution $33,000,000
    National Guard $642,000,000
    Coast Guard $500,000,000

    Law Enforcement Subtotal $7,838,700,000

    Public assistance Free and reduced meal program $2,264,600,000
    Temporary assist. Needy families $1,030,000,000
    Housing assistance programs $637,000,000
    Child care & development fund $633,000,000
    Public Assistance Subtotal $4,564,600,000

    General expenditures $8,184,400,000

    TOTAL EXPENDITURE FOR US GOVERNMENT $28B, 645,400,000

    State/Local Expenditures on Illegal Aliens ($ M)

    Alabama $298 Illinois $4B,592 Montana $32 Rhode Island $278
    Alaska $139 Indiana $608 Nebraska $262 S. Carolina $391
    Arizona $2B,569 Iowa $350 Nevada $1B,191 S. Dakota $33
    Arkansas $244 Kansas $442 New Hampshire $123 Tennessee $547
    California $21B,756 Kentucky $280 New Jersey $3B,478 Texas $8B,878
    Colorado $1B,451 Louisiana $224 New Mexico $608 Utah $453
    Connecticut $957 Maine $41 New York $9B,479 Vermont $38
    Wash D.C. $312 Maryland $1B,724 N. Carolina $2B,063 Virginia $1B,905
    Delaware $305 Massachusetts. $1B, 862 N. Dakota $32
    Washington State $1B, 510; Florida $5B,463 Michigan $929,
    Ohio $563 W. Virginia. $31; Georgia $2B; 399 Minnesota,
    $744 Oklahoma $465 Wisconsin $883.Hawaii $155 Mississippi.
    $106 Oregon $705 Wyoming $51, Idaho $188 Missouri $338,
    Penn. $1B,378

    TOTAL STATE AND MUNICIPAL $83B,851

    REVENUE INTO FEDERAL AND STATE TREASURIES FROM ILLEGAL ALIENS

    Category federal State/local

    Income -$2,302,800,000 $244,200,000
    Social security $7,000,000,000
    Medicare tax $1,637,100,000
    Excise and miscellaneous $2,489,700,000
    Employer (FUTA & income) $632,600,000
    Property tax $1,378,000,000
    Sales tax $2,333,000,000

    TOTAL FEDERAL,STATE, LOCAL GOVERNMENT FROM ILLEGAL IMMIGRANTS $ 13B, 235.000.000

    NOW CALCULATE THIS! TAKE $13.235.000.000 FROM $113.296.000.000 = ( $110.061.400.000 )

    IN TAXES AMERICANS SUPPORT ILLEGAL ALIENS ANNUALLY $110.061.400.000

    If you as a taxpayer wants to keep paying financial support for 20 million illegal aliens outlaws, then you deserve higher taxes and loss of jobs. Read the projections of future years if our borders remain unsecured, or no tracking system for 40 percent of visa over stays, who disappear and all take American workers jobs. Go to the Heritage Foundation website, NumbersUSA or Judicial Watch and read for the dollar figures that will turn your stomach sour. This is a patriotic chance to help your fellow jobless countryman by Calling House and Senate Leadership NOW Call the Capitol Switchboard at 202-224-3121

    COPY THIS INFORMATION AND DISTRIBUTE TO FAMILY AND FRIENDS.

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