Alerts What Does the Bible Say about giving

National Debt Out of Control

In 1980 our national debt was just under $1 trillion.   On September 5, 2007 we surpassed the $9 trillion milestone.   That means that it took our nation over 200 years to reach a milestone of $1 trillion in debt and only 27 years to add another $8 trillion. 

Government spending is out of control as evidenced by the growth of our national debt.

 

Fiscal Year

Debt

Per. Cap. Dollars

Interest Paid

1870

$2,400,000,000

$61.06

--

1880

2,000,000,000

41.60

--

1890

1,100,000,000

17.80

--

1900

1,200,000,000

16.60

--

1910

1,100,000,000

12.41

--

1920

24,200,000,000

228

--

1930

16,100,000,000

131

--

1940

43,000,000,000

325

$1,000,000,000

1950

256,100,000,000

1,688

5,700,000,000

1960

284,100,000,000

1,572

9,200,000,000

1970

370,100,000,000

1,814

19,300,000,000

1980

907,700,000,000

3,985

74,900,000,000

1984

1,572,300,000,000

6,640

153,800,000,000

1986

2,125,300,000,000

8,774

190,200,000,000

1990

3,233,300,000,000

13,000

264,800,000,000

1991

3,665,300,000,000

14,436

285,400,000,000

1992

4,064,600,000,000

15,846

292,300,000,000

1993

4,351,200,000,000

16,871

292,500,000,000

1994

4,692,800,000,000

18,026

296,300,000,000

1995

4,974,000,000,000

18,930

332,400,000,000

1996

5,224,800,000,000

19,805

344,800,000,000

1997

5,413,100,000,000

20,026

355,800,000,000

1998

5,526,200,000,000

20,443

363,800,000,000

1999

5,656,300,000,000

20,746

353,500,000,000

2000

5,674,200,000,000

20,591

362,000,000,000

2001

5,807,500,000,000

20,353

359,500,000,000

2002

6,228,200,000,000

21,603

332,500,000,000

2003

6,783,231,062,743

 

318,148,529,151

2004

7,379,052,696,330

 

321,566,323,971

2005

7,932,709,661,723

 

352,350,252,507

2006

8,506,973,899,215

 

405,872,109,315

2007

 

 

 

 

Click on this link to find out how much the federal government debt is as of yesterday!

FEDERAL DEBT TO THE PENNY