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Date: 01/05/13 05:54 PM

43 Responses to The U.S. National Debt And The Presidents [Pic]

  1. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 5, 2013 at 6:00 pm
    Link: The U.S. National Debt And The Presidents - No political statement here. Analyze it for yourself.
  2. Profile photo of MrJB
    MrJB Male 18-29
    64 posts
    January 5, 2013 at 6:13 pm
    Yeah FDR was a pooty president.
  3. Profile photo of jacos27
    jacos27 Male 18-29
    246 posts
    January 5, 2013 at 6:13 pm
    source? what does 50 and 100 refer to? I mean seriously, be transparent before posting bull like this.
  4. Profile photo of 5Cats
    5Cats Male 50-59
    32823 posts
    January 5, 2013 at 6:16 pm
    And it`s getting worse, not better, keep that in mind.

    Taxes UP, spending UP = debt and deficit UP!
  5. Profile photo of LandoGriffin
    LandoGriffin Male 30-39
    3844 posts
    January 5, 2013 at 6:26 pm
    @jacoswhat does 50 and 100 refer to?

    Percentage of Gross Domestic Product. Reading comprehension is not only fun, it is educational!
  6. Profile photo of Fehz
    Fehz Male 30-39
    580 posts
    January 5, 2013 at 6:28 pm
    what does the 50 and 100 stand for? Um.. Percentage of gdp? Like maybe how it says percentage at the top? I`m going to go drool for a few minutes now.
  7. Profile photo of turdburglar
    turdburglar Male 30-39
    4896 posts
    January 5, 2013 at 6:32 pm

    jacos27 - percentage of gdp. Clear as can be.
  8. Profile photo of McThstlpnts
    McThstlpnts Female 18-29
    1540 posts
    January 5, 2013 at 6:35 pm
    The deficit always goes up in when at war.
  9. Profile photo of Scuzoid
    Scuzoid Male 30-39
    1268 posts
    January 5, 2013 at 6:36 pm
    I don`t care about the table. I appreciate Jacos, Lando, and Fehz for the laugh.
  10. Profile photo of FoolsPrussia
    FoolsPrussia Male 30-39
    3446 posts
    January 5, 2013 at 6:58 pm
    Both those big spikes are due to stimulative measures to boost a crap economy and war spending.
  11. Profile photo of SmagBoy1
    SmagBoy1 Male 40-49
    4432 posts
    January 5, 2013 at 7:01 pm
    I think the graph says whatever it says, regardless of what it says, because of Obama. And liberals. And Muslims. And taking God out of schools. And abortions. And people trying to pry our guns from our cold, dead hands. And welfare. And Obamacare. And ACORN! And, the French, too, probably, those bastards!
  12. Profile photo of AntEconomist
    AntEconomist Male 40-49
    349 posts
    January 5, 2013 at 7:03 pm
    The chart is only showing the portion of the federal debt that is held by the public. The total federal debt outstanding is over 100% of GDP today. Debt outstanding includes money the government has borrowed from the Social Security and Medicare trust funds. Politicians ignore this additional amount saying that it is "money the government owes itself." That is incorrect. It is money the government owes future retirees. The only way you can ignore it is to admit that the government intends to allow Social Security and Medicare to go bankrupt.
  13. Profile photo of AntEconomist
    AntEconomist Male 40-49
    349 posts
    January 5, 2013 at 7:06 pm
    If you want to see total debt as a fraction of GDP for various presidents (back to Eisenhower), see page 20 here:

    http://tinyurl.com/acyszth
  14. Profile photo of SarahofBorg
    SarahofBorg Female 18-29
    3564 posts
    January 5, 2013 at 7:09 pm
    Just because the debt goes up or down during a presidential term doesn`t mean it`s a direct correlation. Issues that cause debt to rise can happen long before it actually rises.
  15. Profile photo of Rodin
    Rodin Male 30-39
    720 posts
    January 5, 2013 at 7:16 pm
    GDP is also a very flawed way of judging how well a countries economy does. When major natural disasters happen the GDP actually rises. There is a dip in 2005 -- that has a lot to do with hurricane Katrina.
  16. Profile photo of Dead-Kittens
    Dead-Kittens Male 30-39
    1112 posts
    January 5, 2013 at 7:50 pm
    no `1 chart` will define the policies of a nation.. thats like looking at a broken feather and assuming the bird is dead.
  17. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36679 posts
    January 5, 2013 at 8:12 pm

    Very interesting. You can certainly tell many stories with statistics. Yet,none of them tell the whole story.
  18. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    January 5, 2013 at 8:13 pm
    Federal debt HELD BY THE PUBLIC...
    There`s the rub right there. About 3/4 of Obama`s debt is being bought by the Federal Reserve with money that they create out of thin air. That`s how they keep interest rates so low and why commodity prices are going through the roof.

  19. Profile photo of scapegoat7
    scapegoat7 Male 18-29
    210 posts
    January 5, 2013 at 8:23 pm
    The worst political joke is that we keep electing them.

    Still better then Romney though, lol. Its gonna be a tough long crawl back to the top but the US will go on.
  20. Profile photo of markust123
    markust123 Male 40-49
    3889 posts
    January 5, 2013 at 9:09 pm
    You can`t have a partisan fight if you don`t have an enemy. I`m stepping out of this one. I invite every liberal to do the same. I don`t need it anymore.
  21. Profile photo of patticakes
    patticakes Female 18-29
    463 posts
    January 5, 2013 at 9:12 pm
    How about telling the whole truth and not stopping at 2009? It would show a very different picture of the debt.
  22. Profile photo of handimanner
    handimanner Male 60-69
    2095 posts
    January 5, 2013 at 10:28 pm
    How about telling the whole truth and itemizing what percentage is 10 years of Bush tax cuts and two wars?
  23. Profile photo of beternal
    beternal Male 18-29
    2589 posts
    January 5, 2013 at 11:53 pm
    Why is space wasted on the graph with both House and Senate?! - they both appear to be saying the same thing... (someone feel free to explain!)

    57th house = 57th senate
    101 house = 101 senate...
  24. Profile photo of ilyaD
    ilyaD Male 18-29
    84 posts
    January 6, 2013 at 12:02 am
    Man, really makes me yearn to those good ol` Nixon-Ford years.
  25. Profile photo of ilyaD
    ilyaD Male 18-29
    84 posts
    January 6, 2013 at 12:04 am
    @Beternal - The United States congress is divided into two parts, the Senate (50 seats) and the House (?435 seats) so like right now, we have a Democratically controlled Senate but a Republican controlled House.
  26. Profile photo of 3002-3038
    3002-3038 Female 18-29
    632 posts
    January 6, 2013 at 5:21 am
    yeah yeah, and by the time obama is out of office the debt will be down and the economy will be better and everyone will cheer for the new president thinking he was the cause, because people are drating retarded and don`t understand economics.
  27. Profile photo of botfly
    botfly Male 50-59
    616 posts
    January 6, 2013 at 5:41 am
    Saturday, January 05, 2013 9:12:12 PM
    How about telling the whole truth and not stopping at 2009? It would show a very different picture of the debt.
    They would have to make the chart a lot taller.
  28. Profile photo of drawman61
    drawman61 Male 50-59
    7740 posts
    January 6, 2013 at 6:06 am
    Are you spending more on guns?...just askin`
  29. Profile photo of Zeegrr60
    Zeegrr60 Male 40-49
    2106 posts
    January 6, 2013 at 7:44 am
    I miss the cold war. the thought of SOMEONE nuking congress was good stress relief.
  30. Profile photo of Keggar
    Keggar Male 50-59
    54 posts
    January 6, 2013 at 7:59 am
    Are we missing the most important years here like 10, 11 and 12. Something tells me that my computer monitor is not tall enough to show it anyway. America! Why you so stupid? Very lucky that the right had control over the purse strings during the last part of the Clinton era.
  31. Profile photo of TheGuySmiley
    TheGuySmiley Male 18-29
    1243 posts
    January 6, 2013 at 8:02 am
    ...
  32. Profile photo of robthelurker
    robthelurker Male 18-29
    2782 posts
    January 6, 2013 at 8:25 am
    im sorry, i took one look at this and was just like, "NOPE!" seriously im not gonna take the time out of browsing the internet to try and comprehend some graph money president chart thing. i mean come on people, are there those of you who are actually looking at this and going, "omagod i cant believe this or that." i dont even really understand what this means to begin with, economics is stupid. if i ruled the world it would be a communist dictatorship, everyone would receive the same amount of money every month, lets say 50 thousand a month, and me, the dictator, rules fairly and justly from atop my mountain in my harem filled with wenches.
  33. Profile photo of ssalty
    ssalty Male 60-69
    228 posts
    January 6, 2013 at 8:44 am
    Okay, there was a decline after FDR. That had to be the plan. Recovery is tough and long-term. We`re living through it right now, though it isn`t as hard as my parents lived through in the `30`s.
  34. Profile photo of Finker
    Finker Male 40-49
    505 posts
    January 6, 2013 at 8:47 am
    @robthelurker, how do you feel about an intelligence test before being able to vote?
  35. Profile photo of tedgp
    tedgp Male 30-39
    3287 posts
    January 6, 2013 at 9:08 am
    The part about G W Bush having a steady debt is 100% wrong. Unless he magically pulled all that money used to wage wars and throw a country into recession, out of thin air
  36. Profile photo of tedgp
    tedgp Male 30-39
    3287 posts
    January 6, 2013 at 9:09 am
    Not to mention that when GW Bush took the US into deep recession, of course obama`s debt scenario would spike. It`s logical economics.
  37. Profile photo of rosieodonnel
    rosieodonnel Male 18-29
    27 posts
    January 6, 2013 at 6:25 pm
    @markust123 Why the hell even comment then? Oh right, you`re a self-righteous asshat.
  38. Profile photo of rosieodonnel
    rosieodonnel Male 18-29
    27 posts
    January 6, 2013 at 6:26 pm
    @tedgp Right because all those wars stopped when Obama got elected.
  39. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 6, 2013 at 8:50 pm
    tedgp, it`s debt of gdp. That means that you can incure more debt, but the ratio doesn`t have to increase if the economy is growing.


    As for the whole Obama "two wars" thing, this is the weirdest thing I hear. We have 16.5 trillion now. If we take all the Iraq war money away, we would be 15.7 trillion in debt. Moreover, basically all that money was spent before Obama. I`m telling you honestly, you all focus a little too much on that one spending item that was, yes, a bad idea.

    But all in all, this graph tells a great story. However, not very much by itself. Still, how is it not interesting? This is just raw, statistical data. It has no bias.
  40. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 6, 2013 at 8:53 pm
    And I must say, I`m not so fond of people who have such one-dimensional analysis as to think that Bush single-handedly caused the housing crisis and destroyed the economy. Surely, I am no fan of him. I am a fan of intellectual honesty, however.

    You really think that the housing crisis would not have happened if John Kerry had got elected??? Seriously? We`re talking about the inevitable bubble here. The one that arose from the ashes of the previous dot.com bubble. Right, we would`ve been booming if John Kerry got elected. Europe would be stellar. No wars, either. Totally.
  41. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    January 7, 2013 at 6:07 am
    Seriously? We`re talking about the inevitable bubble here.
    That`s not necessarily accurate. The commission appointed to analyze the causes of the crisis found that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."
  42. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    January 7, 2013 at 6:08 am
    I`m not so fond of people who have such one-dimensional analysis as to think that Bush single-handedly caused the housing crisis and destroyed the economy.
    Well that`s pretty much what the right has always accused Obama of, so I guess what`s good for the goose is good for the gander.
  43. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    January 7, 2013 at 8:11 am
    Charts don`t cure boredom they start political talks which generate boredom.

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