The U.S. National Debt And The Presidents [Pic]

Submitted by: Andrew155 4 years ago in

No political statement here. Analyze it for yourself.
There are 43 comments:
Male 14,331
Charts don`t cure boredom they start political talks which generate boredom.
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Male 5,811
[quote]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.[/quote]
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.
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Male 5,811
[quote]Seriously? We`re talking about the inevitable bubble here.[/quote]
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."
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Male 2,578
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.
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Male 2,578
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.
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Male 27
@tedgp Right because all those wars stopped when Obama got elected.
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Male 27
@markust123 Why the hell even comment then? Oh right, you`re a self-righteous asshat.
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Male 3,285
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.
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Male 3,285
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
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Male 505
@robthelurker, how do you feel about an intelligence test before being able to vote?
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Male 228
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.
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Male 3,668
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.
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Male 1,243
...
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Male 54
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.
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Male 2,216
I miss the cold war. the thought of SOMEONE nuking congress was good stress relief.
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Male 7,774
Are you spending more on guns?...just askin`
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Male 616
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.
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Female 631
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.
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Male 84
@Beternal - The United States congress is divided into two parts, the Senate (50 seats[2 reps from each state]) and the House (?435 seats[reps based on population]) so like right now, we have a Democratically controlled Senate but a Republican controlled House.
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Male 84
Man, really makes me yearn to those good ol` Nixon-Ford years.
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Male 2,586
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...
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Male 2,145
How about telling the whole truth and itemizing what percentage is 10 years of Bush tax cuts and two wars?
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Female 465
How about telling the whole truth and not stopping at 2009? It would show a very different picture of the debt.
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Male 4,999
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.
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Male 210
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.
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Male 15,832
[quote]Federal debt HELD BY THE PUBLIC...[/quote]
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.

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Male 39,880

Very interesting. You can certainly tell many stories with statistics. Yet,none of them tell the whole story.
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Male 1,252
no `1 chart` will define the policies of a nation.. thats like looking at a broken feather and assuming the bird is dead.
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Male 892
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.
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Female 3,562
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.
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Male 374
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
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Male 374
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.
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Male 4,431
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!
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Male 3,445
Both those big spikes are due to stimulative measures to boost a crap economy and war spending.
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Male 1,268
I don`t care about the table. I appreciate Jacos, Lando, and Fehz for the laugh.
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Female 1,539
The deficit always goes up in when at war.
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Male 4,891

jacos27 - percentage of gdp. Clear as can be.
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Male 579
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.
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Male 3,842
@jacos[quote]what does 50 and 100 refer to?[/quote]

Percentage of Gross Domestic Product. Reading comprehension is not only fun, it is educational!
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Male 40,728
And it`s getting worse, not better, keep that in mind.

Taxes UP, spending UP = debt and deficit UP!
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Male 246
source? what does 50 and 100 refer to? I mean seriously, be transparent before posting bull like this.
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Male 64
Yeah FDR was a pooty president.
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Male 2,578
Link: The U.S. National Debt And The Presidents [Pic] [Rate Link] - No political statement here. Analyze it for yourself.
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